CD Projekt S.A. (OTCMKTS:OTGLY) Short Interest Update
by Teresa Graham · The Cerbat GemCD Projekt S.A. (OTCMKTS:OTGLY – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,688 shares, a drop of 76.4% from the May 31st total of 15,634 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 62,146 shares, the days-to-cover ratio is currently 0.1 days.
CD Projekt Stock Performance
OTCMKTS OTGLY opened at $14.50 on Friday. The stock’s 50 day simple moving average is $17.03 and its 200 day simple moving average is $17.11. CD Projekt has a one year low of $14.30 and a one year high of $20.50.
Analysts Set New Price Targets
Several brokerages have recently commented on OTGLY. Zacks Research upgraded shares of CD Projekt to a “hold” rating in a research note on Monday, June 1st. Oddo Bhf raised shares of CD Projekt to a “neutral” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.
View Our Latest Analysis on CD Projekt
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.