Short Interest in CD Projekt S.A. (OTCMKTS:OTGLY) Declines By 41.8%

CD Projekt S.A. (OTCMKTS:OTGLY) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,255 shares, a decline of 41.8% from the July 30th total of 3,877 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 14,173 shares, the short-interest ratio is currently 0.2 days.

CD Projekt Stock Performance

Shares of OTCMKTS OTGLY traded up $0.03 during midday trading on Monday, hitting $15.69. 16,096 shares of the company’s stock were exchanged, compared to its average volume of 20,246. CD Projekt has a 12 month low of $14.16 and a 12 month high of $20.50. The company’s 50 day moving average price is $15.98 and its 200 day moving average price is $16.64.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Oddo Bhf upgraded shares of CD Projekt to a “neutral” rating in a research note on Thursday, June 4th. Barclays restated an “underweight” rating on shares of CD Projekt in a research note on Friday. Finally, Zacks Research raised shares of CD Projekt to a “hold” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, 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 Iwi?ski and Micha? Kici?ski, CD Projekt initially built its reputation by translating and distributing popular Western titles in Central Europe.