Vivid Seats Inc. (NASDAQ:SEATW) Sees Large Decline in Short Interest

Vivid Seats Inc. (NASDAQ:SEATW) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 2,400 shares, a decrease of 29.4% from the March 31st total of 3,400 shares. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Vivid Seats

An institutional investor recently raised its position in Vivid Seats stock. Walleye Capital LLC lifted its stake in Vivid Seats Inc. (NASDAQ:SEATW) by 4.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,489,794 shares of the company’s stock after purchasing an additional 149,303 shares during the quarter. Walleye Capital LLC’s holdings in Vivid Seats were worth $3,839,000 as of its most recent SEC filing.

Vivid Seats Stock Performance

Shares of SEATW stock traded up $0.01 during mid-day trading on Friday, hitting $0.87. 650 shares of the stock traded hands, compared to its average volume of 16,044. The stock’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.07. Vivid Seats has a 52-week low of $0.59 and a 52-week high of $3.05.

Vivid Seats Company Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.