Entain Plc (OTCMKTS:GMVHY) Short Interest Down 91.7% in August

Entain Plc (OTCMKTS:GMVHY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 524 shares, a decrease of 91.7% from the August 15th total of 6,302 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 24,771 shares, the days-to-cover ratio is presently 0.0 days.

Entain Stock Performance

Shares of OTCMKTS GMVHY remained flat at $6.71 during trading hours on Thursday. The company had a trading volume of 30,059 shares, compared to its average volume of 68,890. Entain has a twelve month low of $6.68 and a twelve month high of $12.14. The stock has a fifty day moving average price of $7.23 and a two-hundred day moving average price of $7.41.

Wall Street Analyst Weigh In

GMVHY has been the topic of several research analyst reports. Kepler Capital Markets upgraded shares of Entain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 1st. Zacks Research upgraded shares of Entain to a “hold” rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Entain Company Profile

Entain plc (OTCMKTS: GMVHY) is a leading global sports betting and gaming group operating through a diversified portfolio of online and retail channels. The company engages consumers via proprietary platforms and third-party partnerships, focusing on regulated markets to deliver a range of wagering and gaming experiences.

Entain’s portfolio includes well-known brands such as Ladbrokes, Coral, bwin, Sportingbet, partypoker and Foxy Bingo. Its offerings span online sports betting, casino games, poker, bingo and daily fantasy sports, in addition to a network of retail betting shops in the United Kingdom and Ireland.