Short Interest in Ubisoft Entertainment SA (OTCMKTS:UBSFY) Expands By 662.3%

Ubisoft Entertainment SA (OTCMKTS:UBSFY) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 240,900 shares, a growth of 662.3% from the December 15th total of 31,600 shares. Based on an average daily volume of 579,900 shares, the days-to-cover ratio is currently 0.4 days.

Ubisoft Entertainment Price Performance

Shares of Ubisoft Entertainment stock traded down $0.03 during trading on Tuesday, reaching $2.37. 119,823 shares of the company’s stock were exchanged, compared to its average volume of 237,439. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.51 and a quick ratio of 1.50. Ubisoft Entertainment has a 1-year low of $2.03 and a 1-year high of $5.25. The firm’s 50-day moving average price is $2.64 and its 200 day moving average price is $3.15.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Sanford C. Bernstein upgraded Ubisoft Entertainment from an “underperform” rating to a “market perform” rating in a research report on Monday, October 7th. Stifel Nicolaus lowered shares of Ubisoft Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Hsbc Global Res raised shares of Ubisoft Entertainment to a “hold” rating in a research report on Friday, September 27th. Barclays raised shares of Ubisoft Entertainment to a “hold” rating in a report on Friday, September 27th. Finally, BMO Capital Markets raised shares of Ubisoft Entertainment from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 18th. Ten equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on 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.