Short Interest in Paradox Interactive AB (publ) (OTCMKTS:PRXXF) Grows By 45.7%

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 24,639 shares, a growth of 45.7% from the February 12th total of 16,907 shares. Based on an average trading volume of 436 shares, the short-interest ratio is presently 56.5 days. Based on an average trading volume of 436 shares, the short-interest ratio is presently 56.5 days.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities cut Paradox Interactive AB (publ) from a “buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Paradox Interactive AB (publ) Trading Down 3.8%

Shares of PRXXF stock opened at $12.62 on Friday. The company has a fifty day moving average price of $15.24 and a two-hundred day moving average price of $17.32. Paradox Interactive AB has a one year low of $12.62 and a one year high of $21.70.

Paradox Interactive AB (publ) Company Profile

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) is a Sweden-based global video game publisher and developer best known for its portfolio of deep strategy and simulation titles across PC, console and mobile platforms. The company’s key franchises include Europa Universalis, Crusader Kings, Hearts of Iron and Cities: Skylines, which leverage extensive downloadable content, mod support and community-driven expansions. Paradox also operates its own digital storefront and subscription service, enabling direct delivery of game updates, expansions and exclusive in-game content to its audience.

Originally established as part of Target Games in the late 1990s and spun off as an independent publisher in 2004, Paradox Interactive has since pursued both organic development and strategic studio acquisitions to broaden its offering.