CD Projekt S.A. (OTCMKTS:OTGLY) Short Interest Update

CD Projekt S.A. (OTCMKTS:OTGLY) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,688 shares, a drop of 76.4% from the May 31st total of 15,634 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 62,146 shares, the days-to-cover ratio is presently 0.1 days.

CD Projekt Stock Down 1.8%

OTCMKTS OTGLY opened at $14.50 on Friday. The stock’s 50 day moving average is $17.03 and its two-hundred day moving average is $17.11. CD Projekt has a 1-year low of $14.30 and a 1-year high of $20.50.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on OTGLY shares. Zacks Research upgraded shares of CD Projekt to a “hold” rating in a research note on Monday, June 1st. Oddo Bhf upgraded shares of CD Projekt to a “neutral” rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

About CD Projekt

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.