PointsBet Holdings Limited (OTCMKTS:PBTHF – Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 2,093 shares, an increase of 1,384.4% from the December 31st total of 141 shares. Based on an average daily trading volume, of 1,921 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 1,921 shares, the days-to-cover ratio is currently 1.1 days.
PointsBet Stock Down 0.1%
PointsBet stock opened at $0.38 on Wednesday. PointsBet has a 12-month low of $0.23 and a 12-month high of $1.35. The stock has a 50-day simple moving average of $0.40 and a 200 day simple moving average of $0.54.
PointsBet Company Profile
PointsBet Holdings Limited is an online bookmaker specializing in sports and racing wagering, offering both traditional fixed-odds betting and its proprietary PointsBetting model. The company operates through a digital platform and mobile applications, providing customers with access to a broad range of sporting events, including major international leagues, horse racing, and niche competitions. PointsBet also features an online casino segment in select markets, expanding its product suite beyond sports betting.
Founded in Brisbane, Australia, in 2015, PointsBet rapidly expanded its operations domestically before entering the United States market in 2019.
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