CD Projekt S.A. (OTCMKTS:OTGLY) Short Interest Update

CD Projekt S.A. (OTCMKTS:OTGLY) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 33,455 shares, an increase of 58.8% from the February 12th total of 21,073 shares. Based on an average trading volume of 57,742 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 57,742 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CD Projekt in a research note on Friday, November 28th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

CD Projekt Price Performance

CD Projekt stock traded up $0.12 during trading hours on Friday, reaching $16.83. The stock had a trading volume of 391 shares, compared to its average volume of 17,446. The company has a fifty day simple moving average of $17.51 and a 200-day simple moving average of $17.36. CD Projekt has a 52 week low of $10.83 and a 52 week high of $20.50.

CD Projekt Company Profile

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.