UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) Sees Significant Increase in Short Interest

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 13,718 shares, a growth of 62.0% from the July 30th total of 8,467 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 87,872 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

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

UbiSoft Entertainment Stock Performance

Shares of UBSFY stock opened at $1.18 on Monday. The firm has a 50 day moving average of $1.20 and a 200-day moving average of $1.08. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.24. UbiSoft Entertainment has a 52 week low of $0.80 and a 52 week high of $2.40.

About UbiSoft Entertainment

UbiSoft Entertainment is a global video game developer and publisher known for creating and distributing interactive entertainment across multiple platforms, including consoles, PCs and mobile devices. The company’s portfolio spans a wide array of genres, with flagship franchises such as Assassin’s Creed, Far Cry, Tom Clancy’s Rainbow Six and Watch Dogs. In addition to traditional game releases, UbiSoft provides digital services through its Ubisoft Connect platform, offering players social features, cloud saves and cross-platform progression.

Founded in 1986 in Carentoir, France, UbiSoft has grown into one of the largest independent game publishers worldwide.