Entain Plc (OTCMKTS:GMVHY) Sees Large Decrease in Short Interest

Entain Plc (OTCMKTS:GMVHY) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 524 shares, a drop of 91.7% from the August 15th total of 6,302 shares. Based on an average trading volume of 24,771 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Entain Stock Performance

Shares of OTCMKTS:GMVHY remained flat at $6.71 during trading on Friday. The stock had a trading volume of 1,383 shares, compared to its average volume of 68,495. Entain has a 12-month low of $6.68 and a 12-month high of $12.14. The company has a 50 day moving average of $7.23 and a two-hundred day moving average of $7.41.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Entain to a “hold” rating in a report on Wednesday, August 19th. Kepler Capital Markets upgraded shares of Entain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Entain Company Profile

Entain plc is a global sports-betting and gaming company that operates online betting and gaming platforms, as well as retail betting shops in selected markets. Its offerings include sports wagering, casino games, poker, bingo and other interactive entertainment products, supported by proprietary technology and customer-facing digital platforms.

The company operates a portfolio of well-known brands, including bwin, Coral, Ladbrokes, partypoker, Sportingbet, 32Red and Neds. Entain also owns a significant interest in BetMGM, a sports-betting and iGaming business operated through a joint venture with MGM Resorts International.