Playtech plc (OTCMKTS:PYTCF – Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 329,882 shares, an increase of 45.5% from the January 15th total of 226,793 shares. Based on an average daily volume of 890 shares, the short-interest ratio is presently 370.7 days. Based on an average daily volume of 890 shares, the short-interest ratio is presently 370.7 days.
Playtech Price Performance
Shares of OTCMKTS PYTCF remained flat at $3.63 during trading on Monday. Playtech has a 1-year low of $2.97 and a 1-year high of $11.05. The business has a 50-day simple moving average of $3.82 and a 200 day simple moving average of $4.30.
Wall Street Analyst Weigh In
A number of research firms have weighed in on PYTCF. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Playtech in a research report on Friday, February 6th. Morgan Stanley cut shares of Playtech to an “underweight” rating in a report on Friday, December 12th. Finally, Jefferies Financial Group lowered Playtech to a “hold” rating in a research note on Tuesday, November 25th. One 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. According to data from MarketBeat.com, the company 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.
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