Short Interest in Flutter Entertainment plc (OTCMKTS:PDYPY) Rises By 700.0%

Flutter Entertainment plc (OTCMKTS:PDYPYGet Rating) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,000 shares, an increase of 700.0% from the March 31st total of 500 shares. Based on an average trading volume of 192,600 shares, the days-to-cover ratio is presently 0.0 days.

PDYPY opened at $50.75 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day moving average of $59.14 and a 200-day moving average of $72.55. Flutter Entertainment has a 52 week low of $49.46 and a 52 week high of $110.54.

PDYPY has been the subject of several research analyst reports. Berenberg Bank dropped their price objective on Flutter Entertainment from £155 ($197.55) to £138 ($175.89) in a report on Thursday, March 17th. Morgan Stanley dropped their price objective on Flutter Entertainment from £171 ($217.95) to £169 ($215.40) and set an “overweight” rating for the company in a report on Wednesday, January 12th. Zacks Investment Research cut Flutter Entertainment from a “buy” rating to a “strong sell” rating in a report on Friday, March 11th. JPMorgan Chase & Co. dropped their price objective on Flutter Entertainment from £170.10 ($216.80) to £159.90 ($203.80) in a report on Wednesday, March 2nd. Finally, Citigroup upgraded Flutter Entertainment from a “sell” rating to a “buy” rating in a report on Tuesday, January 11th. One research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $11,693.25.

Flutter Entertainment Company Profile (Get Rating)

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.

Further Reading

Receive News & Ratings for Flutter Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flutter Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.