Playtech plc (OTCMKTS:PYTCF) Short Interest Up 29.9% in December

Playtech plc (OTCMKTS:PYTCF) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 131,292 shares, an increase of 29.9% from the November 30th total of 101,068 shares. Based on an average trading volume of 1,443 shares, the days-to-cover ratio is currently 91.0 days. Based on an average trading volume of 1,443 shares, the days-to-cover ratio is currently 91.0 days.

Analyst Ratings Changes

Several research firms have issued reports on PYTCF. Jefferies Financial Group lowered shares of Playtech to a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley cut Playtech to an “underweight” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Playtech Stock Performance

PYTCF stock remained flat at $3.90 during midday trading on Tuesday. The business’s 50 day moving average price is $3.51 and its 200-day moving average price is $4.53. Playtech has a 1-year low of $2.97 and a 1-year high of $11.05.

About Playtech

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.