Embracer Group AB (publ) (OTCMKTS:THQQF) Sees Significant Growth in Short Interest

Embracer Group AB (publ) (OTCMKTS:THQQF – Get Rating) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 9,091,500 shares, an increase of 24.6% from the February 13th total of 7,295,600 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 90,915.0 days.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays reduced their price target on Embracer Group AB (publ) from SEK 57.20 to SEK 49 and set an “equal weight” rating on the stock in a research note on Friday, November 18th. The Goldman Sachs Group lifted their price target on Embracer Group AB (publ) from SEK 55 to SEK 58 and gave the company a “neutral” rating in a report on Tuesday, January 10th.

Embracer Group AB (publ) Price Performance

THQQF stock opened at $4.80 on Tuesday. Embracer Group AB has a 1 year low of $4.20 and a 1 year high of $9.38. The company has a fifty day simple moving average of $4.65 and a 200 day simple moving average of $5.02.

Embracer Group AB (publ) Company Profile

(Get Rating)

Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market worldwide. The company has a catalogue of approximately 850 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest, Insurgency, World War Z, and Borderlands, and others.