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

CD Projekt S.A. (OTCMKTS:OTGLY) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 8,566 shares, a growth of 147.3% from the October 15th total of 3,464 shares. Based on an average daily trading volume, of 15,935 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

CD Projekt Trading Down 1.0%

Shares of OTCMKTS:OTGLY traded down $0.17 during midday trading on Friday, hitting $17.20. 805 shares of the company’s stock were exchanged, compared to its average volume of 17,884. The stock has a 50 day moving average price of $16.47 and a 200-day moving average price of $16.68. CD Projekt has a 12 month low of $14.16 and a 12 month high of $20.50.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “underweight” rating on shares of CD Projekt in a report on Friday, August 28th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

About CD Projekt

CD Projekt is a Polish video game company that develops and publishes games for players around the world. Founded in 1994, it began by distributing international games in Poland before expanding into game development. Its development studio, CD Projekt Red, is known for role-playing game franchises including The Witcher and Cyberpunk. The company also operates GOG.com, a digital storefront for PC games that emphasizes DRM-free releases. Through its games and digital distribution business, CD Projekt serves customers in international markets.