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

Key Points

• UbiSoft Entertainment Inc. experienced a dramatic increase in short interest in July, rising by 617.7% from 7,900 shares to 56,700 shares.
• After an analyst upgrade to a "strong-buy" rating, UbiSoft has a consensus rating of "Hold" with varying ratings from analysts, including one sell and two strong buy recommendations.
• Currently, UbiSoft shares are priced at $2.10, remaining relatively stable, with a 1-year trading range from $1.81 to $3.91.

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY - Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 56,700 shares, anincreaseof617.7% from the July 15th total of 7,900 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average trading volume of 268,500 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 268,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.0% of the shares of the stock are short sold.

UbiSoft Entertainment Trading Up 3.8%

UbiSoft Entertainment stock traded up $0.08 during trading hours on Tuesday, hitting $2.16. The company had a trading volume of 565,412 shares, compared to its average volume of 59,580. UbiSoft Entertainment has a fifty-two week low of $1.81 and a fifty-two week high of $3.91. 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 firm's fifty day moving average is $2.10 and its 200-day moving average is $2.27.

Analyst Ratings Changes

Separately, Wedbush raised UbiSoft Entertainment to a "strong-buy" rating in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average 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.