Frontier Developments plc (OTCMKTS:FRRDF) Sees Large Decline in Short Interest

Frontier Developments plc (OTCMKTS:FRRDF) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,471 shares, a drop of 58.6% from the June 15th total of 3,557 shares. Based on an average trading volume of 40 shares, the days-to-cover ratio is presently 36.8 days.

Frontier Developments Stock Performance

FRRDF stock remained flat at $6.00 during trading on Tuesday. The firm has a fifty day moving average price of $5.82 and a 200-day moving average price of $6.23. Frontier Developments has a 12-month low of $5.50 and a 12-month high of $7.30.

Frontier Developments Company Profile

Frontier Developments Plc engages in the development of videogames. The company was founded by David John Braben on January 28, 1994 and is headquartered in Cambridge, the United Kingdom.