Short Interest in Playtech plc (OTCMKTS:PYTCY) Drops By 98.3%

Playtech plc (OTCMKTS:PYTCY) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 133 shares, a decrease of 98.3% from the January 15th total of 8,002 shares. Based on an average daily volume of 50 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily volume of 50 shares, the days-to-cover ratio is presently 2.7 days.

Playtech Stock Performance

Shares of PYTCY remained flat at $7.75 during trading hours on Wednesday. The business’s 50-day moving average price is $6.83 and its two-hundred day moving average price is $8.80. Playtech has a 52-week low of $6.23 and a 52-week high of $36.00.

About Playtech

Playtech plc, operating OTC as PYTCY, is a leading provider of software and services to the global online gambling and financial trading industries. Founded in 1999 by entrepreneur Teddy Sagi and headquartered in Douglas, Isle of Man, the company develops and licenses turnkey platforms for casinos, poker rooms, sports betting, live dealer games, bingo, virtual sports and financial trading. It delivers back‐end management tools, player account services and risk management solutions to licensed operators worldwide.

At the heart of Playtech’s offering is its unified platform that integrates content across multiple verticals, enabling operators to manage customer acquisition, retention, payments, analytics and compliance from a single interface.