Embracer Group AB (publ) (OTCMKTS:THQQF) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 789,800 shares, a growth of 20.1% from the June 15th total of 657,800 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is currently 376.1 days.
Shares of THQQF opened at $25.53 on Thursday. The business’s fifty day simple moving average is $27.80. Embracer Group AB has a 12 month low of $15.55 and a 12 month high of $35.54.
A number of analysts have recently weighed in on THQQF shares. DNB Markets started coverage on shares of Embracer Group AB (publ) in a research note on Friday, June 18th. They issued a “buy” rating for the company. Barclays started coverage on shares of Embracer Group AB (publ) in a research note on Wednesday, May 26th. They set an “equal weight” rating for the company. Finally, Berenberg Bank restated a “buy” rating on shares of Embracer Group AB (publ) in a report on Friday, May 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy”.
Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC and console games for the gaming market in Europe, the United States, Sweden, and internationally. The company's game catalogue consists of 190 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest, Insurgency, World War Z, and others.
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