Entain Plc (OTCMKTS:GMVHY) Stock Short Interest Jumps 441.8%

Entain Plc (OTCMKTS:GMVHY) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,839 shares, an increase of 441.8% from the August 31st total of 524 shares. Based on an average daily volume of 87,148 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Entain Stock Down 2.7%

Shares of GMVHY stock opened at $5.85 on Friday. Entain has a 12 month low of $5.84 and a 12 month high of $12.14. The company has a 50 day simple moving average of $7.06 and a two-hundred day simple moving average of $7.31.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Entain to a “hold” rating in a research note on Wednesday, August 19th. Kepler Capital Markets upgraded Entain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Entain currently has a consensus 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.