Playtech plc (OTCMKTS:PYTCF) Short Interest Update

Playtech plc (OTCMKTS:PYTCF) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 329,882 shares, a growth of 45.5% from the January 15th total of 226,793 shares. Based on an average trading volume of 890 shares, the days-to-cover ratio is presently 370.7 days. Based on an average trading volume of 890 shares, the days-to-cover ratio is presently 370.7 days.

Playtech Price Performance

Shares of Playtech stock opened at $3.63 on Friday. Playtech has a 1 year low of $2.97 and a 1 year high of $11.05. The firm’s 50 day moving average is $3.82 and its 200 day moving average is $4.30.

Analyst Upgrades and Downgrades

PYTCF has been the subject of several research reports. Jefferies Financial Group lowered Playtech to a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley lowered shares of Playtech to an “underweight” rating in a research report on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Playtech in a research report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Playtech

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.