Short Interest in Playtech plc (OTCMKTS:PYTCF) Increases By 32.0%

Playtech plc (OTCMKTS:PYTCF) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 452,869 shares, a growth of 32.0% from the March 31st total of 343,189 shares. Based on an average daily volume of 18 shares, the days-to-cover ratio is currently 25,159.4 days.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PYTCF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Playtech in a research report on Friday, February 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Playtech in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Playtech Price Performance

PYTCF stock remained flat at $4.78 during trading on Friday. Playtech has a 12-month low of $2.97 and a 12-month high of $11.05. The company’s 50 day moving average price is $4.74 and its 200 day moving average price is $4.07.

Playtech Company Profile

Playtech is a leading provider of software and services for the global online gambling and financial trading industries. The company offers a comprehensive suite of technology solutions designed to support online casinos, sports betting, poker, bingo and live dealer experiences. Through a unified back-office platform, Playtech enables operators to manage player accounts, payments, compliance and marketing across a diverse range of verticals and brands.

The company’s product portfolio includes a proprietary casino platform, a sportsbook engine, live dealer studios and a variety of branded slot and table games.