Entain Plc (OTCMKTS:GMVHY) Short Interest Down 82.7% in August

Entain Plc (OTCMKTS:GMVHY) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 6,302 shares, a decrease of 82.7% from the July 30th total of 36,525 shares. Based on an average daily volume of 56,512 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Entain to a “hold” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Entain Price Performance

Shares of OTCMKTS:GMVHY traded down $0.03 during midday trading on Friday, hitting $6.86. The stock had a trading volume of 14,882 shares, compared to its average volume of 70,803. The company’s 50-day moving average price is $7.32 and its 200-day moving average price is $7.48. Entain has a fifty-two week low of $6.85 and a fifty-two week high of $12.14.

About Entain

Entain plc (OTCMKTS: GMVHY) is a leading global sports betting and gaming group operating through a diversified portfolio of online and retail channels. The company engages consumers via proprietary platforms and third-party partnerships, focusing on regulated markets to deliver a range of wagering and gaming experiences.

Entain’s portfolio includes well-known brands such as Ladbrokes, Coral, bwin, Sportingbet, partypoker and Foxy Bingo. Its offerings span online sports betting, casino games, poker, bingo and daily fantasy sports, in addition to a network of retail betting shops in the United Kingdom and Ireland.