Stillfront Group AB (publ) (OTCMKTS:STLFF) Sees Large Increase in Short Interest

Stillfront Group AB (publ) (OTCMKTS:STLFF – Get Rating) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 585,800 shares, an increase of 24.4% from the April 15th total of 470,900 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 1,171.6 days.

STLFF has been the subject of a number of analyst reports. HSBC upgraded Stillfront Group AB (publ) from a “hold” rating to a “buy” rating in a research report on Thursday, March 31st. Berenberg Bank lowered their price objective on Stillfront Group AB (publ) from SEK 84 to SEK 64 in a research note on Tuesday, March 1st. Kepler Capital Markets lowered Stillfront Group AB (publ) from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. Barclays reduced their price objective on Stillfront Group AB (publ) from SEK 56.50 to SEK 55.35 and set an “overweight” rating on the stock in a report on Thursday, February 17th. Finally, SEB Equities initiated coverage on Stillfront Group AB (publ) in a report on Tuesday, March 22nd. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $56.78.

STLFF remained flat at $$2.19 during trading hours on Tuesday. The business’s 50 day simple moving average is $2.66 and its two-hundred day simple moving average is $4.14. Stillfront Group AB has a 12 month low of $2.00 and a 12 month high of $10.65.

About Stillfront Group AB (publ) (Get Rating)

Stillfront Group AB (publ), through its subsidiaries, designs, develops, markets, publishes, and distributes digital games in Europe, North America, the United Kingdom, and the Middle East and North Africa region. The company's games portfolio include Albion Online, Battle pirates, Big Farm: Mobile Harvest, BitLife, eRepublik.com, Call of War, Conflict of Nations: World War 3, Goodgame Empire, Hollywood Story, Home Design Makeover!, Imperia Online, My Story, Nida Harb 3, OFM, Property Brothers Home Design, Shakes & Fidget, Siege: World War II, The Horus Heresy: Legions, and Trivia Star.

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