CD Projekt S.A. (OTCMKTS:OTGLY) Short Interest Up 4,511.2% in February

CD Projekt S.A. (OTCMKTS:OTGLY) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 21,073 shares, an increase of 4,511.2% from the January 29th total of 457 shares. Based on an average daily trading volume, of 34,269 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 34,269 shares, the days-to-cover ratio is currently 0.6 days.

CD Projekt Stock Performance

Shares of OTGLY opened at $17.45 on Thursday. The company has a 50-day simple moving average of $17.53 and a two-hundred day simple moving average of $17.40. CD Projekt has a one year low of $10.83 and a one year high of $20.50.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CD Projekt in a report on Friday, November 28th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

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.