Paradox Interactive AB (publ) (OTCMKTS:PRXXF) Short Interest Up 45.7% in February

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 24,639 shares, a growth of 45.7% from the February 12th total of 16,907 shares. Based on an average daily trading volume, of 436 shares, the short-interest ratio is presently 56.5 days. Based on an average daily trading volume, of 436 shares, the short-interest ratio is presently 56.5 days.

Paradox Interactive AB (publ) Trading Down 3.8%

Shares of PRXXF opened at $12.62 on Friday. Paradox Interactive AB has a 52 week low of $12.62 and a 52 week high of $21.70. The firm’s 50-day simple moving average is $15.24 and its 200 day simple moving average is $17.32.

Analysts Set New Price Targets

Separately, Pareto Securities downgraded Paradox Interactive AB (publ) from a “buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Paradox Interactive AB (publ) Company Profile

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) is a Sweden-based global video game publisher and developer best known for its portfolio of deep strategy and simulation titles across PC, console and mobile platforms. The company’s key franchises include Europa Universalis, Crusader Kings, Hearts of Iron and Cities: Skylines, which leverage extensive downloadable content, mod support and community-driven expansions. Paradox also operates its own digital storefront and subscription service, enabling direct delivery of game updates, expansions and exclusive in-game content to its audience.

Originally established as part of Target Games in the late 1990s and spun off as an independent publisher in 2004, Paradox Interactive has since pursued both organic development and strategic studio acquisitions to broaden its offering.