PointsBet Holdings Limited (OTCMKTS:PBTHF – Get Free Report) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 27,731 shares, an increase of 176.7% from the January 29th total of 10,023 shares. Based on an average daily trading volume, of 12,836 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 12,836 shares, the short-interest ratio is currently 2.2 days.
PointsBet Stock Performance
PBTHF opened at $0.90 on Friday. The company has a 50 day simple moving average of $0.52 and a two-hundred day simple moving average of $0.54. PointsBet has a 1-year low of $0.23 and a 1-year high of $1.35.
About PointsBet
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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