Short Interest in Evolution AB (publ) (OTCMKTS:EVGGF) Decreases By 21.4%

Evolution AB (publ) (OTCMKTS:EVGGF) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 1,009,143 shares, a decrease of 21.4% from the January 29th total of 1,283,352 shares. Based on an average daily volume of 5,608 shares, the days-to-cover ratio is currently 179.9 days. Based on an average daily volume of 5,608 shares, the days-to-cover ratio is currently 179.9 days.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EVGGF shares. Jefferies Financial Group lowered Evolution AB (publ) to a “hold” rating in a research report on Tuesday, November 25th. Barclays downgraded shares of Evolution AB (publ) to an “underweight” rating in a research report on Thursday, December 18th. Finally, Citigroup restated a “neutral” rating on shares of Evolution AB (publ) in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Evolution AB (publ) Stock Performance

OTCMKTS EVGGF opened at $60.70 on Monday. The company’s 50 day moving average is $64.82 and its two-hundred day moving average is $72.42. Evolution AB has a 12 month low of $56.15 and a 12 month high of $92.90.

About Evolution AB (publ)

Evolution AB (publ) is a Sweden-based company that specializes in providing live casino solutions to the global online gaming industry. Since its founding in 2006 and subsequent listing on Nasdaq Stockholm in 2015, the company has focused on delivering real-time, interactive gaming experiences by streaming professional dealers from studio environments to operator platforms. Its offering includes classic table games such as roulette, blackjack and baccarat, as well as a growing portfolio of proprietary live game shows and RNG (random number generator) slot titles.

Evolution operates a network of purpose-built studios across Europe, North America and Latin America, serving licensed and regulated markets in more than 20 jurisdictions.