Paradox Interactive AB (publ) (OTCMKTS:PRXXF) Sees Large Growth in Short Interest

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 16,907 shares, an increase of 71.6% from the January 29th total of 9,853 shares. Based on an average daily trading volume, of 304 shares, the days-to-cover ratio is presently 55.6 days. Based on an average daily trading volume, of 304 shares, the days-to-cover ratio is presently 55.6 days.

Analysts Set New Price Targets

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

Paradox Interactive AB (publ) Price Performance

Shares of Paradox Interactive AB (publ) stock opened at $13.45 on Friday. The firm has a 50-day moving average of $16.17 and a 200-day moving average of $17.61. Paradox Interactive AB has a 52-week low of $13.15 and a 52-week high of $21.70.

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.