Short Interest in PointsBet Holdings Limited (OTCMKTS:PBTHF) Expands By 378.9%

PointsBet Holdings Limited (OTCMKTS:PBTHF) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 10,023 shares, a growth of 378.9% from the January 15th total of 2,093 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 12.5 days. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 12.5 days.

PointsBet Stock Performance

PBTHF stock traded up $0.62 during midday trading on Thursday, reaching $0.85. The stock had a trading volume of 21,861 shares, compared to its average volume of 4,852. The firm has a fifty day simple moving average of $0.42 and a two-hundred day simple moving average of $0.51. PointsBet has a 52-week low of $0.23 and a 52-week high of $1.35.

About PointsBet

PointsBet Holdings Limited is an online bookmaker specializing in sports and racing wagering, offering both traditional fixed-odds betting and its proprietary PointsBetting model. The company operates through a digital platform and mobile applications, providing customers with access to a broad range of sporting events, including major international leagues, horse racing, and niche competitions. PointsBet also features an online casino segment in select markets, expanding its product suite beyond sports betting.

Founded in Brisbane, Australia, in 2015, PointsBet rapidly expanded its operations domestically before entering the United States market in 2019.