Short Interest in UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) Expands By 62.0%

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. Based on an average trading volume of 87,872 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

UbiSoft Entertainment Stock Performance

Shares of UBSFY opened at $1.13 on Tuesday. UbiSoft Entertainment has a 52 week low of $0.80 and a 52 week high of $2.40. The firm’s 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.08. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.24.

Wall Street Analyst Weigh In

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

UbiSoft Entertainment Company Profile

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.