Entain Plc (OTCMKTS:GMVHY) Sees Large Growth in Short Interest

Entain Plc (OTCMKTS:GMVHY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,757 shares, a growth of 102.8% from the September 15th total of 2,839 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 148,145 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Entain Stock Down 0.5%

Shares of OTCMKTS GMVHY opened at $5.78 on Friday. The stock’s fifty day moving average price is $6.54 and its two-hundred day moving average price is $7.12. Entain has a one year low of $5.34 and a one year high of $11.17.

About Entain

Entain plc is an international sports-betting and gaming company operating primarily through online platforms and retail betting locations. The company offers sports wagering, casino games, poker, bingo and other interactive gaming products through a portfolio of consumer brands.

Its brands have included bwin, Coral, Ladbrokes, PartyPoker and Sportingbet. Entain also operates BetMGM, a sports-betting and iGaming business formed through a joint venture with MGM Resorts International. The company serves customers across multiple regulated markets, including the United Kingdom, Europe, Australia and selected markets in the Americas.

Entain was formerly known as GVC Holdings and adopted the Entain name in 2020 as part of a broader repositioning of the business.