CDPROJEKT is still getting shorted but it's a great deal
The company reported solid results including high sales of Witcher 3 in 2020, likely related to the popularity of Netflix series and more Witcher games will be released in 2021 (The Witcher Monster Slayer, Next-Gen Update). The company continues to very actively release patches for Cyberpunk 2077, where HOTFIX 1.21 fixed most of the major outstanding issues (source: www.cyberpunk.net/en/news/).
Lack of rebound of the CDPROJEKT stock price after dividend announcement is likely result of short positions by:
1 Egerton Capital (UK) LLP
2 Marshall Wace LLP
3 Eminence Capital, LP
4 Citadel Advisors LLC
Source: rss.knf.gov.pl/RssOu...tart2OuterView.xhtml
Commencement of buyback of company shares will probably soon follow.
Given the solid 2020 results with fantastic net profitability, solid pipeline of game releases in 2021, great progress in fixing Cyberpunk 2077, this stock look like a great bargain.
Lack of rebound of the CDPROJEKT stock price after dividend announcement is likely result of short positions by:
1 Egerton Capital (UK) LLP
2 Marshall Wace LLP
3 Eminence Capital, LP
4 Citadel Advisors LLC
Source: rss.knf.gov.pl/RssOu...tart2OuterView.xhtml
Commencement of buyback of company shares will probably soon follow.
Given the solid 2020 results with fantastic net profitability, solid pipeline of game releases in 2021, great progress in fixing Cyberpunk 2077, this stock look like a great bargain.
My opinions and other information shared is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
www.cyberpunk.net/en...ws/38047/hotfix-1-22
Given the improvements, the game will likely be back in Sony PlayStation store soon.