CD Projekt S.A. (OTCMKTS:OTGLY – Get Free Report) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,688 shares, a decline of 76.4% from the May 31st total of 15,634 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 62,146 shares, the days-to-cover ratio is currently 0.1 days.
CD Projekt Stock Performance
Shares of OTCMKTS OTGLY traded down $0.27 during mid-day trading on Friday, reaching $14.50. The company’s stock had a trading volume of 31,487 shares, compared to its average volume of 20,376. CD Projekt has a 52 week low of $14.30 and a 52 week high of $20.50. The stock has a fifty day moving average of $17.03 and a two-hundred day moving average of $17.11.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Oddo Bhf upgraded shares of CD Projekt to a “neutral” rating in a research note on Thursday, June 4th. Zacks Research upgraded shares of CD Projekt to a “hold” rating in a research report on Monday, June 1st. Three investment 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, the company has an average rating of “Reduce”.
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.
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