PointsBet Holdings Limited (OTCMKTS:PBTHF – Get Free Report) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 45,577 shares, an increase of 81.7% from the February 26th total of 25,081 shares. Based on an average daily trading volume, of 1 shares, the short-interest ratio is presently 45,577.0 days.
PointsBet Stock Up 70.0%
Shares of PointsBet stock opened at $0.60 on Friday. The firm’s 50-day moving average price is $0.63 and its two-hundred day moving average price is $0.55. 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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