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

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

Wall Street Analyst Weigh In

OTGLY has been the topic of a number of recent analyst reports. Oddo Bhf raised CD Projekt to a “neutral” rating in a research note on Thursday, June 4th. Barclays reiterated an “underweight” rating on shares of CD Projekt in a research report on Friday. Finally, Zacks Research raised shares of CD Projekt to a “hold” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

CD Projekt Stock Up 0.2%

Shares of OTGLY stock opened at $15.69 on Tuesday. CD Projekt has a 52-week low of $14.16 and a 52-week high of $20.50. The firm’s 50 day moving average price is $15.99 and its two-hundred day moving average price is $16.63.

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.