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

CD Projekt S.A. (OTCMKTS:OTGLY) saw a large drop in short interest in the month of 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. Based on an average daily volume of 14,173 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Oddo Bhf upgraded CD Projekt to a “neutral” rating in a research report on Thursday, June 4th. Zacks Research upgraded CD Projekt to a “hold” rating in a research report on Monday, June 1st. Finally, Barclays reaffirmed an “underweight” rating on shares of CD Projekt in a research note on Friday. Three 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, the stock has a consensus rating of “Reduce”.

CD Projekt Price Performance

Shares of OTCMKTS OTGLY opened at $15.51 on Wednesday. The firm has a fifty day moving average price of $16.00 and a 200-day moving average price of $16.61. CD Projekt has a 1 year low of $14.16 and a 1 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.