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

Ubisoft Entertainment SA (OTCMKTS:UBSFY) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 37,000 shares, a drop of 33.9% from the October 15th total of 56,000 shares. Based on an average trading volume of 369,800 shares, the short-interest ratio is presently 0.1 days.

Ubisoft Entertainment Stock Down 0.4 %

Shares of UBSFY stock traded down $0.01 during trading on Friday, reaching $2.80. The company had a trading volume of 73,852 shares, compared to its average volume of 100,659. The firm’s 50 day simple moving average is $2.74 and its two-hundred day simple moving average is $3.77. The company has a quick ratio of 1.50, a current ratio of 1.51 and a debt-to-equity ratio of 1.15. Ubisoft Entertainment has a one year low of $2.03 and a one year high of $6.57.

Wall Street Analyst Weigh In

Several research analysts have commented on UBSFY shares. Barclays upgraded shares of Ubisoft Entertainment to a “hold” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft lowered Ubisoft Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. UBS Group raised Ubisoft Entertainment from a “sell” rating to a “neutral” rating in a report on Tuesday, October 8th. BMO Capital Markets raised shares of Ubisoft Entertainment from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 18th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Ubisoft Entertainment in a research note on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ubisoft Entertainment 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.