Playtech plc (OTCMKTS:PYTCF) Short Interest Update

Playtech plc (OTCMKTS:PYTCF) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 350,860 shares, a drop of 17.1% from the February 26th total of 423,021 shares. Based on an average daily volume of 1,006 shares, the short-interest ratio is currently 348.8 days.

Playtech Stock Performance

OTCMKTS PYTCF opened at $4.78 on Wednesday. Playtech has a fifty-two week low of $2.97 and a fifty-two week high of $11.05. The stock’s 50-day moving average is $4.35 and its two-hundred day moving average is $4.13.

Analysts Set New Price Targets

Several brokerages recently commented on PYTCF. Morgan Stanley cut Playtech to an “underweight” rating in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft reissued 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 issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Playtech currently has a consensus rating of “Hold”.

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.