Short Interest in CD Projekt S.A. (OTCMKTS:OTGLY) Declines By 41.8%

CD Projekt S.A. (OTCMKTS:OTGLY) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 2,255 shares, a drop of 41.8% from the July 30th total of 3,877 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 14,173 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OTGLY shares. Oddo Bhf upgraded CD Projekt to a “neutral” rating in a research note on Thursday, June 4th. Barclays reaffirmed an “underweight” rating on shares of CD Projekt in a research note on Friday. Finally, Zacks Research upgraded shares of CD Projekt to a “hold” rating in a report on Monday, June 1st. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

CD Projekt Price Performance

Shares of OTCMKTS OTGLY traded up $0.03 during mid-day trading on Monday, hitting $15.69. The company had a trading volume of 16,096 shares, compared to its average volume of 20,246. The firm has a 50-day simple moving average of $15.98 and a two-hundred day simple moving average of $16.64. CD Projekt has a one year low of $14.16 and a one year 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.