Flutter Entertainment plc (OTCMKTS:PDYPY) Short Interest Update

Flutter Entertainment plc (OTCMKTS:PDYPYGet Rating) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 8,200 shares, a growth of 2,633.3% from the April 30th total of 300 shares. Based on an average trading volume of 102,600 shares, the short-interest ratio is currently 0.1 days.

A number of equities research analysts have recently commented on the stock. Berenberg Bank lowered their price target on shares of Flutter Entertainment from £155 ($195.04) to £138 ($173.65) in a report on Thursday, March 17th. JPMorgan Chase & Co. dropped their price target on shares of Flutter Entertainment from £170.10 ($214.04) to £159.90 ($201.21) in a research note on Wednesday, March 2nd. Finally, Zacks Investment Research upgraded shares of Flutter Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 11th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $11,693.25.

Flutter Entertainment stock traded down $0.72 during mid-day trading on Wednesday, hitting $57.81. 33,115 shares of the company were exchanged, compared to its average volume of 56,931. 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 fifty day moving average of $55.75 and a 200 day moving average of $66.78. Flutter Entertainment has a 1-year low of $48.89 and a 1-year high of $108.90.

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.

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