Playtech plc (OTCMKTS:PYTCF) Sees Large Growth in Short Interest

Playtech plc (OTCMKTS:PYTCFGet Rating) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,600 shares, a growth of 700.0% from the March 31st total of 200 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

A number of equities analysts have issued reports on PYTCF shares. Peel Hunt raised Playtech to a “hold” rating in a research report on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Playtech from GBX 680 ($8.67) to GBX 693 ($8.83) in a research note on Friday, March 25th.

OTCMKTS:PYTCF opened at $6.70 on Thursday. Playtech has a 1 year low of $4.95 and a 1 year high of $11.29. The business has a fifty day moving average of $7.64 and a 200-day moving average of $8.64.

Playtech Company Profile (Get Rating)

Playtech Plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including casino, live casino, sports betting, virtual sports, bingo, and poker. It also owns the intellectual property rights and licenses the software; provides marketing and advertising, turnkey, operational and hosting, and video stream services; and operates betting shops.

Further Reading

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