Entain Plc (OTCMKTS:GMVHY) Short Interest Down 91.7% in August

Entain Plc (OTCMKTS:GMVHY) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 524 shares, a drop of 91.7% from the August 15th total of 6,302 shares. Based on an average daily trading volume, of 24,771 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Kepler Capital Markets upgraded Entain from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Zacks Research upgraded Entain to a “hold” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Entain Stock Performance

Shares of OTCMKTS GMVHY remained flat at $6.71 during trading hours on Thursday. The company had a trading volume of 30,059 shares, compared to its average volume of 68,890. Entain has a fifty-two week low of $6.68 and a fifty-two week high of $12.14. The firm has a fifty day moving average of $7.23 and a 200-day moving average of $7.41.

About Entain

Entain plc (OTCMKTS: GMVHY) is a leading global sports betting and gaming group operating through a diversified portfolio of online and retail channels. The company engages consumers via proprietary platforms and third-party partnerships, focusing on regulated markets to deliver a range of wagering and gaming experiences.

Entain’s portfolio includes well-known brands such as Ladbrokes, Coral, bwin, Sportingbet, partypoker and Foxy Bingo. Its offerings span online sports betting, casino games, poker, bingo and daily fantasy sports, in addition to a network of retail betting shops in the United Kingdom and Ireland.