Short Interest in CD Projekt S.A. (OTCMKTS:OTGLY) Expands By 87.5%

CD Projekt S.A. (OTCMKTS:OTGLY) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,858 shares, an increase of 87.5% from the April 15th total of 2,591 shares. Based on an average daily trading volume, of 25,589 shares, the days-to-cover ratio is currently 0.2 days.

CD Projekt Trading Up 2.7%

OTCMKTS OTGLY traded up $0.48 on Monday, hitting $18.10. The company’s stock had a trading volume of 21,697 shares, compared to its average volume of 17,322. CD Projekt has a 52-week low of $14.33 and a 52-week high of $20.50. The company’s 50-day simple moving average is $17.47 and its 200 day simple moving average is $17.30.

CD Projekt Company Profile

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 Iwi?ski and Micha? Kici?ski, CD Projekt initially built its reputation by translating and distributing popular Western titles in Central Europe.