Ubisoft Entertainment SA (OTCMKTS:UBSFY) Sees Large Drop in Short Interest

Ubisoft Entertainment SA (OTCMKTS:UBSFY) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 108,800 shares, a drop of 54.8% from the December 31st total of 240,900 shares. Based on an average daily trading volume, of 597,400 shares, the short-interest ratio is currently 0.2 days.

Ubisoft Entertainment Price Performance

Ubisoft Entertainment stock traded down $0.07 during mid-day trading on Friday, reaching $2.29. 82,330 shares of the company’s stock were exchanged, compared to its average volume of 235,038. The business’s fifty day simple moving average is $2.52 and its 200 day simple moving average is $2.98. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.50 and a current ratio of 1.51. Ubisoft Entertainment has a one year low of $2.03 and a one year high of $5.25.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group upgraded Ubisoft Entertainment from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein raised shares of Ubisoft Entertainment from an “underperform” rating to a “market perform” rating in a research report on Monday, October 7th. Finally, Stifel Nicolaus downgraded shares of Ubisoft Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Ten analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ubisoft Entertainment presently 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.