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

Ubisoft Entertainment SA (OTCMKTS:UBSFY) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 48,700 shares, a decrease of 65.4% from the February 13th total of 140,600 shares. Based on an average trading volume of 883,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Ubisoft Entertainment Stock Up 7.5 %

Shares of OTCMKTS UBSFY opened at $2.83 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.51 and a quick ratio of 1.50. The stock has a 50 day moving average price of $2.44 and a 200 day moving average price of $2.66. Ubisoft Entertainment has a 52 week low of $2.03 and a 52 week high of $5.25.

Analysts Set New Price Targets

Separately, Stifel Nicolaus downgraded shares of Ubisoft Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, 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.