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

CD Projekt S.A. (OTCMKTS:OTGLY) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 8,566 shares, a growth of 147.3% from the October 15th total of 3,464 shares. Based on an average daily trading volume, of 15,935 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

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

CD Projekt Trading Down 1.0%

Shares of CD Projekt stock traded down $0.17 on Friday, reaching $17.20. The stock had a trading volume of 805 shares, compared to its average volume of 17,884. CD Projekt has a 1 year low of $14.16 and a 1 year high of $20.50. The business’s 50 day moving average is $16.47 and its two-hundred day moving average is $16.68.

CD Projekt Company Profile

CD Projekt is a Polish video game company that develops and publishes games for players around the world. Founded in 1994, it began by distributing international games in Poland before expanding into game development. Its development studio, CD Projekt Red, is known for role-playing game franchises including The Witcher and Cyberpunk. The company also operates GOG.com, a digital storefront for PC games that emphasizes DRM-free releases. Through its games and digital distribution business, CD Projekt serves customers in international markets.