Short Interest in Paradox Interactive AB (publ) (OTCMKTS:PRXXF) Rises By 71.6%

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 16,907 shares, a growth of 71.6% from the January 29th total of 9,853 shares. Based on an average trading volume of 304 shares, the short-interest ratio is presently 55.6 days. Based on an average trading volume of 304 shares, the short-interest ratio is presently 55.6 days.

Paradox Interactive AB (publ) Price Performance

Shares of PRXXF opened at $13.45 on Monday. The stock’s 50-day simple moving average is $16.17 and its 200 day simple moving average is $17.61. Paradox Interactive AB has a 52-week low of $13.15 and a 52-week high of $21.70.

Analysts Set New Price Targets

Separately, Pareto Securities downgraded shares of Paradox Interactive AB (publ) from a “buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Paradox Interactive AB (publ) has a consensus rating of “Hold”.

Paradox Interactive AB (publ) Company Profile

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) is a Sweden-based global video game publisher and developer best known for its portfolio of deep strategy and simulation titles across PC, console and mobile platforms. The company’s key franchises include Europa Universalis, Crusader Kings, Hearts of Iron and Cities: Skylines, which leverage extensive downloadable content, mod support and community-driven expansions. Paradox also operates its own digital storefront and subscription service, enabling direct delivery of game updates, expansions and exclusive in-game content to its audience.

Originally established as part of Target Games in the late 1990s and spun off as an independent publisher in 2004, Paradox Interactive has since pursued both organic development and strategic studio acquisitions to broaden its offering.