Flutter Entertainment plc (OTCMKTS:PDYPY) Sees Large Growth in Short Interest

Flutter Entertainment plc (OTCMKTS:PDYPY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 6,400 shares, an increase of 2,033.3% from the December 15th total of 300 shares. Based on an average daily volume of 75,900 shares, the days-to-cover ratio is currently 0.1 days.

OTCMKTS PDYPY opened at $77.76 on Friday. The company’s 50-day moving average price is $75.71 and its 200-day moving average price is $88.54. Flutter Entertainment has a 12 month low of $65.78 and a 12 month high of $119.41.

A number of research firms recently issued reports on PDYPY. BTIG Research began coverage on shares of Flutter Entertainment in a research note on Wednesday, October 27th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Flutter Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Flutter Entertainment in a research note on Thursday, November 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Flutter Entertainment in a research report on Thursday, November 4th. Finally, UBS Group started coverage on shares of Flutter Entertainment in a research report on Friday, December 10th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment has a consensus rating of “Buy” and an average target price of $5,697.33.

Flutter Entertainment Company Profile

Flutter Entertainment Plc engages in the business of online betting and gaming. It operates through the following segments: PPB Online, Australia, PPB Retail, U.S, and Corporate. The PPB Online segment comprises of Paddy Power, Betfair, and Adjarabet brands. The Australia segment focuses on sports betting services provided to Australian customers using internet with a small proportion using the public telephony system.

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