CDR has delivered its best weekly gain in months — up 7.4% to PLN 233.4 — while the short score quietly drifts lower and analyst targets converge near the current price, creating an unusually balanced setup heading into a quiet summer period.
The borrow market tells a relaxed story. Availability has loosened considerably over the past month, running at 281% — meaning nearly three shares are available to borrow for every one already out on loan. That's a genuine expansion from around 215% in early June, when a brief tightening episode pushed availability to its 12-month low. Cost to borrow has drifted down alongside that loosening, now at 0.79%, its lowest level of the past 30 days. Neither metric suggests any meaningful build-up of short pressure. Short interest as a percentage of free float remains modest at around 4.7%, and the lending conditions give new shorts no cause for urgency.
The ORTEX short score reinforces that picture — but in a way worth noting. After climbing steadily from 31.7 at the end of last year to a six-month peak near 59.8 in late June, it has reversed over the past two weeks and now reads 56.6. The decline is gradual rather than sharp, but the direction has changed. Factor scores present a more compelling bull case: forward EPS momentum ranks in the 94th percentile for 12-month growth expectations, and 90-day EPS momentum scores in the 93rd. The analyst recommendation differential sits at an exceptional 98th percentile, suggesting the Street is firmly in the constructive camp. The mean analyst price target at PLN 235 sits almost exactly at the current share price, which cuts both ways — it implies the stock is fairly valued in consensus terms, but offers little conventional upside without a target revision cycle.
The ownership structure is tightly held by founders. Marcin Iwiński, Michał Kiciński, Piotr Nielubowicz, and Adam Kiciński collectively account for roughly 34% of shares, with Iwiński alone at 12.9%. The most recent recorded insider trade — a sale of 223,520 shares by Iwiński in January 2025 at PLN 216.24 — is now more than 17 months old. No more recent insider activity appears on record, so that episode is historical context rather than a live signal. BlackRock added 111,168 shares through June 30, a modest increment at 2.58% of the total, while Vanguard made a smaller addition through May.
Among correlated peers, RBLX posted a striking 16.5% gain on the week, outpacing CDR's 7.4% move. EVPL added a more moderate 5.1%, and PDX and SF both gained around 5–6%. The gaming sector broadly caught a bid this week. PCF and 11B on the Warsaw exchange were notable exceptions, each slipping around 2–3%.
The next scheduled earnings event arrives on September 2. CDR's two most recent prints both produced a mild negative day-one reaction — roughly flat to down 0.2% — followed by a modest drift lower over the following week. With the short score declining from its recent peak, availability loose, and the stock nearly at consensus target, the September print and any content roadmap announcements between now and then are the clearest near-term variables to watch.
See the live data behind this article on ORTEX.
Open CDR on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
