Entain Plc (OTCMKTS:GMVHF) Short Interest Update

Entain Plc (OTCMKTS:GMVHF) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 831,538 shares, a drop 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.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GMVHF shares. Morgan Stanley restated an “overweight” rating on shares of Entain in a research report on Wednesday, July 15th. BNP Paribas Exane assumed coverage on Entain in a research report on Thursday, May 14th. They set an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Entain in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Entain Trading Down 0.3%

Shares of OTCMKTS GMVHF traded down $0.02 on Friday, reaching $7.60. 1,519 shares of the company traded hands, compared to its average volume of 12,432. Entain has a fifty-two week low of $6.74 and a fifty-two week high of $12.46. The company has a 50 day moving average of $7.57 and a 200 day moving average of $7.72.

About Entain

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.