Short Interest in CD Projekt S.A. (OTCMKTS:OTGLY) Expands By 803.8%

CD Projekt S.A. (OTCMKTS:OTGLY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 6,408 shares, an increase of 803.8% from the December 15th total of 709 shares. Based on an average daily trading volume, of 11,474 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 11,474 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CD Projekt in a research report on Friday, November 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

CD Projekt Stock Up 1.3%

OTGLY stock traded up $0.22 during midday trading on Monday, hitting $16.61. The stock had a trading volume of 7,127 shares, compared to its average volume of 9,284. The company’s 50-day moving average price is $16.74 and its 200 day moving average price is $17.41. CD Projekt has a 12-month low of $10.83 and a 12-month high of $19.74.

About CD Projekt

CD Projekt SA is a Poland-based video game developer, publisher and digital distribution company best known for its critically acclaimed Role-Playing Games (RPGs). Through its development arm CD Projekt Red, the company designs, develops and publishes blockbuster game franchises, including The Witcher series and Cyberpunk 2077. In addition to its core game development activities, CD Projekt operates GOG.com, a digital storefront offering a catalogue of DRM-free PC games, and provides related online services such as multiplayer support, game updates and community forums.

Founded in Warsaw in 1994 by Marcin Iwiński and Michał Kiciński, CD Projekt initially built its reputation by translating and distributing popular Western titles in Central Europe.