CD Projekt S.A. (OTCMKTS:OTGLY) Sees Large Decrease in Short Interest

CD Projekt S.A. (OTCMKTS:OTGLY) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 27,454 shares, a decline of 17.9% from the February 26th total of 33,455 shares. Based on an average daily volume of 40,800 shares, the short-interest ratio is currently 0.7 days.

CD Projekt Price Performance

OTGLY opened at $15.70 on Monday. CD Projekt has a 12-month low of $10.83 and a 12-month high of $20.50. The business’s fifty day simple moving average is $17.29 and its 200-day simple moving average is $17.27.

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 Iwiński and Michał Kiciński, CD Projekt initially built its reputation by translating and distributing popular Western titles in Central Europe.