Entain Plc (OTCMKTS:GMVHF) Short Interest Update

Entain Plc (OTCMKTS:GMVHF) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 831,538 shares, a decline of 63.7% from the July 15th total of 2,292,414 shares. Based on an average daily trading volume, of 17,537 shares, the short-interest ratio is presently 47.4 days.

Analyst Upgrades and Downgrades

GMVHF has been the subject of a number of research analyst reports. BNP Paribas Exane initiated coverage on Entain in a report on Thursday, May 14th. They set an “outperform” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Entain in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Entain in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Entain Trading Down 0.3%

Shares of OTCMKTS GMVHF traded down $0.02 during trading on Friday, reaching $7.60. 1,519 shares of the stock were exchanged, compared to its average volume of 12,432. The business’s 50-day moving average price is $7.57 and its 200 day moving average price is $7.72. Entain has a twelve month low of $6.74 and a twelve month high of $12.46.

Entain Company Profile

Entain PLC, trading in the US over-the-counter as GMVHF, is a global sports-betting and gaming group offering both online and retail wagering services. Through a portfolio of well-known brands—such as Ladbrokes, Coral, bwin, PartyPoker and PartyCasino—the company provides sports betting, casino, poker, bingo and esports products to customers in regulated markets worldwide. Entain’s platforms support multiple channels of distribution, combining digital technology with a network of retail shops in the United Kingdom, Ireland, Spain, Italy and Germany.

Founded in 2004 under the name GVC Holdings, the business expanded rapidly through strategic acquisitions and the development of proprietary technology.