CD Projekt S.A. (OTCMKTS:OTGLY) Sees Significant Increase in Short Interest

CD Projekt S.A. (OTCMKTS:OTGLY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,464 shares, a growth of 692.7% from the September 30th total of 437 shares. Based on an average trading volume of 19,911 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Barclays reiterated an “underweight” rating on shares of CD Projekt in a research note on Friday, August 28th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

CD Projekt Stock Down 1.9%

CD Projekt stock traded down $0.32 during trading hours on Wednesday, hitting $16.79. 2,301 shares of the stock traded hands, compared to its average volume of 18,439. The firm’s 50 day moving average price is $16.36 and its 200-day moving average price is $16.74. CD Projekt has a 1 year low of $14.16 and a 1 year high of $20.50.

About CD Projekt

CD Projekt SA is a Poland-based video game company best known for developing and publishing story-driven role-playing games. Its principal development studio, CD Projekt RED, created the internationally recognized The Witcher series and Cyberpunk 2077, along with related downloadable content and expansions.

The company also operates GOG.com, a digital distribution platform that sells PC and Mac games, including both contemporary and classic titles. GOG emphasizes downloadable games that are generally free of digital rights management restrictions and provides related community and support services.

Founded in 1994 by Marcin Iwiński and Michał Kiciński, CD Projekt has grown from a Polish game distributor into a global entertainment business.