UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) Sees Large Drop in Short Interest

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 9,708 shares, a drop of 51.4% from the September 15th total of 19,967 shares. Based on an average daily trading volume, of 58,708 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

UbiSoft Entertainment Stock Up 0.3%

UBSFY opened at $1.07 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.55 and a current ratio of 2.55. UbiSoft Entertainment has a 1 year low of $0.80 and a 1 year high of $1.96. The stock’s 50 day simple moving average is $1.15 and its 200-day simple moving average is $1.13.

Analysts Set New Price Targets

Separately, Wedbush downgraded UbiSoft Entertainment from an “outperform” rating to a “neutral” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.

About UbiSoft Entertainment

Ubisoft Entertainment SA is a France-based video game publisher and developer headquartered in Saint-Mandé. Founded in 1986 by the Guillemot family, the company creates, publishes and distributes interactive entertainment for consoles, personal computers and mobile devices. Ubisoft serves players worldwide through digital storefronts, physical retail channels and online services.

The company’s portfolio includes major franchises such as Assassin’s Creed, Far Cry, Tom Clancy’s Rainbow Six, Tom Clancy’s The Division, Just Dance, Prince of Persia, Watch Dogs and Anno.