CD Projekt S.A. (OTCMKTS:OTGLY) Stock Short Interest Climbs 692.7%

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

Analyst Ratings Changes

Separately, Barclays reissued an “underweight” rating on shares of CD Projekt in a research report 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. Based on data from MarketBeat, CD Projekt presently has an average rating of “Reduce”.

CD Projekt Price Performance

OTCMKTS OTGLY opened at $16.98 on Thursday. CD Projekt has a 52-week low of $14.16 and a 52-week high of $20.50. The firm has a 50-day moving average price of $16.35 and a 200 day moving average price of $16.74.

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.