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

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

Paradox Interactive AB (publ) Price Performance

Shares of PRXXF opened at $12.62 on Monday. The business’s 50 day moving average is $15.24 and its 200 day moving average is $17.31. Paradox Interactive AB has a 12-month low of $12.62 and a 12-month high of $21.70.

Analyst Ratings Changes

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

About Paradox Interactive AB (publ)

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.