Flutter Entertainment plc (OTCMKTS:PDYPY) Short Interest Update

Flutter Entertainment plc (OTCMKTS:PDYPY) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 10,200 shares, a growth of 363.6% from the August 15th total of 2,200 shares. Based on an average trading volume of 55,700 shares, the days-to-cover ratio is currently 0.2 days.

A number of brokerages recently issued reports on PDYPY. Morgan Stanley reiterated an “overweight” rating on shares of Flutter Entertainment in a research note on Wednesday, August 11th. Wells Fargo & Company began coverage on shares of Flutter Entertainment in a report on Tuesday. They set an “overweight” rating on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Flutter Entertainment in a report on Tuesday, June 29th. Peel Hunt raised shares of Flutter Entertainment from a “reduce” rating to a “buy” rating in a report on Wednesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Flutter Entertainment in a report on Thursday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $95.99.

Shares of Flutter Entertainment stock opened at $100.50 on Wednesday. The firm’s fifty day simple moving average is $92.96 and its 200-day simple moving average is $98.60. The stock has a market capitalization of $35.25 billion, a price-to-earnings ratio of 39.88 and a beta of 1.33. Flutter Entertainment has a 12 month low of $73.95 and a 12 month high of $119.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.74 and a quick ratio of 0.74.

About Flutter Entertainment

Flutter Entertainment Plc engages in the business of online betting and gaming. It operates through the following segments: PPB Online, Australia, PPB Retail, U.S, and Corporate. The PPB Online segment comprises of Paddy Power, Betfair, and Adjarabet brands. The Australia segment focuses on sports betting services provided to Australian customers using internet with a small proportion using the public telephony system.

Featured Article: What is a Fiduciary?

Receive News & Ratings for Flutter Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flutter Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.