Playtech plc (OTCMKTS:PYTCF) Short Interest Up 72.1% in January

Playtech plc (OTCMKTS:PYTCF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 226,793 shares, an increase of 72.1% from the December 31st total of 131,803 shares. Based on an average trading volume of 28 shares, the short-interest ratio is presently 8,099.8 days. Based on an average trading volume of 28 shares, the short-interest ratio is presently 8,099.8 days.

Analyst Ratings Changes

A number of analysts have commented on PYTCF shares. Jefferies Financial Group downgraded Playtech to a “hold” rating in a research report on Tuesday, November 25th. Morgan Stanley lowered shares of Playtech to an “underweight” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Playtech Stock Performance

Shares of OTCMKTS:PYTCF opened at $4.12 on Monday. The business’s fifty day moving average price is $3.73 and its two-hundred day moving average price is $4.39. Playtech has a one year low of $2.97 and a one year high of $11.05.

Playtech Company Profile

Playtech is a leading provider of software and services for the global online gambling and financial trading industries. The company offers a comprehensive suite of technology solutions designed to support online casinos, sports betting, poker, bingo and live dealer experiences. Through a unified back-office platform, Playtech enables operators to manage player accounts, payments, compliance and marketing across a diverse range of verticals and brands.

The company’s product portfolio includes a proprietary casino platform, a sportsbook engine, live dealer studios and a variety of branded slot and table games.