UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) Sees Significant Increase in Short Interest

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 69,400 shares, a growth of 58.8% from the September 15th total of 43,700 shares. Based on an average daily volume of 430,800 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 430,800 shares, the days-to-cover ratio is presently 0.2 days.

UbiSoft Entertainment Stock Down 1.1%

Shares of UBSFY stock opened at $1.84 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average of $2.09 and a 200-day moving average of $2.13. UbiSoft Entertainment has a one year low of $1.81 and a one year high of $3.35.

Analysts Set New Price Targets

Separately, Wedbush raised UbiSoft Entertainment to a “strong-buy” rating in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, UbiSoft Entertainment has a consensus rating of “Hold”.

About UbiSoft Entertainment

Ubisoft Entertainment SA produce, publishes, and distributes video games for consoles, PC, smartphones, and tablets in both physical and digital formats in Europe, North America, and internationally. The company designs and develops software, including scenarios, animation, gameplay, layouts, and game rules, as well as develops design tools and game engines.