Evolution AB (publ) (OTCMKTS:EVGGF) Short Interest Update

Evolution AB (publ) (OTCMKTS:EVGGF) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 1,283,352 shares, a decrease of 16.7% from the January 15th total of 1,540,450 shares. Based on an average daily volume of 7,849 shares, the short-interest ratio is currently 163.5 days. Based on an average daily volume of 7,849 shares, the short-interest ratio is currently 163.5 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of Evolution AB (publ) in a research note on Tuesday, February 10th. Pareto Securities downgraded shares of Evolution AB (publ) to a “hold” rating in a research report on Thursday, October 23rd. Barclays cut shares of Evolution AB (publ) to an “underweight” rating in a research report on Thursday, December 18th. Finally, Jefferies Financial Group lowered Evolution AB (publ) to a “hold” rating in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Evolution AB (publ) Stock Performance

Evolution AB (publ) stock opened at $58.30 on Tuesday. Evolution AB has a one year low of $58.15 and a one year high of $92.90. The company has a 50-day simple moving average of $66.30 and a 200-day simple moving average of $74.36.

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.