Evolution AB (publ) (OTCMKTS:EVGGF) Short Interest Down 16.7% in January

Evolution AB (publ) (OTCMKTS:EVGGF) was the target of a large decrease in short interest in the month of 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 days-to-cover ratio is presently 163.5 days. Based on an average daily volume of 7,849 shares, the days-to-cover ratio is presently 163.5 days.

Evolution AB (publ) Price Performance

EVGGF stock traded down $4.16 during trading on Monday, hitting $58.30. 2,261 shares of the company’s stock were exchanged, compared to its average volume of 4,052. Evolution AB has a 52-week low of $58.15 and a 52-week high of $92.90. The business has a 50-day moving average price of $66.47 and a two-hundred day moving average price of $74.58.

Analyst Ratings Changes

A number of brokerages have weighed in on EVGGF. Barclays cut shares of Evolution AB (publ) to an “underweight” rating in a research report on Thursday, December 18th. Pareto Securities cut Evolution AB (publ) to a “hold” rating in a research note on Thursday, October 23rd. Citigroup reaffirmed a “neutral” rating on shares of Evolution AB (publ) in a research note on Tuesday, February 10th. Finally, Jefferies Financial Group cut Evolution AB (publ) to a “hold” rating in a report on Tuesday, November 25th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

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.