Playtech plc (OTCMKTS:PYTCF) Short Interest Up 45.5% in January

Playtech plc (OTCMKTS:PYTCFGet Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 329,882 shares, a growth of 45.5% from the January 15th total of 226,793 shares. Based on an average daily volume of 890 shares, the days-to-cover ratio is currently 370.7 days. Based on an average daily volume of 890 shares, the days-to-cover ratio is currently 370.7 days.

Playtech Stock Performance

OTCMKTS:PYTCF opened at $3.63 on Tuesday. The firm’s 50-day moving average is $3.82 and its 200-day moving average is $4.28. Playtech has a 52-week low of $2.97 and a 52-week high of $11.05.

Wall Street Analyst Weigh In

PYTCF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Playtech in a research note on Friday, February 6th. Jefferies Financial Group lowered shares of Playtech to a “hold” rating in a research report on Tuesday, November 25th. Finally, Morgan Stanley downgraded Playtech to an “underweight” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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Playtech Company Profile

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Playtech is a leading provider of software and services for the global online gambling and financial trading industries. The company offers a comprehensive suite of technology solutions designed to support online casinos, sports betting, poker, bingo and live dealer experiences. Through a unified back-office platform, Playtech enables operators to manage player accounts, payments, compliance and marketing across a diverse range of verticals and brands.

The company’s product portfolio includes a proprietary casino platform, a sportsbook engine, live dealer studios and a variety of branded slot and table games.

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