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

Key Points

• UbiSoft Entertainment experienced a 20.8% decrease in short interest from July to August, with the total short interest dropping to 44,900 shares.
• Wedbush upgraded UbiSoft shares to a "strong-buy" rating, while the average rating among analysts remains a "Hold."
• The stock of UbiSoft Entertainment increased by 1.8% during midday trading, reaching a price of $1.99.

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 44,900 shares, a drop of 20.8% from the July 31st total of 56,700 shares. Based on an average daily volume of 88,600 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 88,600 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Wedbush raised shares of UbiSoft Entertainment to a "strong-buy" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

UbiSoft Entertainment Trading Down 2.3%

Shares of UBSFY stock traded down $0.05 on Friday, hitting $1.95. 78,474 shares of the stock traded hands, compared to its average volume of 81,827. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.02. The firm's 50-day moving average price is $2.09 and its two-hundred day moving average price is $2.24. UbiSoft Entertainment has a twelve month low of $1.81 and a twelve month high of $3.35.

UbiSoft Entertainment Company Profile

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.