CD Projekt S.A. (OTCMKTS:OTGLY) Sees Significant Increase in Short Interest

CD Projekt S.A. (OTCMKTS:OTGLY) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 33,455 shares, an increase of 58.8% from the February 12th total of 21,073 shares. Based on an average daily volume of 57,742 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 57,742 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CD Projekt in a research note on Friday, November 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CD Projekt presently has a consensus rating of “Reduce”.

CD Projekt Stock Up 0.7%

Shares of OTCMKTS OTGLY traded up $0.12 during midday trading on Friday, reaching $16.83. The company’s stock had a trading volume of 391 shares, compared to its average volume of 17,446. The business’s 50 day moving average price is $17.51 and its two-hundred day moving average price is $17.36. CD Projekt has a fifty-two week low of $10.83 and a fifty-two week 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.