Entain Plc (OTCMKTS:GMVHY) Sees Significant Decline in Short Interest

Entain Plc (OTCMKTS:GMVHY) was the recipient of a large decrease in short interest in 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 company’s shares are sold short. Based on an average daily volume of 24,771 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

GMVHY has been the topic of several recent research reports. Zacks Research upgraded shares of Entain to a “hold” rating in a report on Wednesday, August 19th. Kepler Capital Markets raised 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 given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Entain Price Performance

Shares of GMVHY stock traded up $0.03 on Friday, hitting $6.74. The stock had a trading volume of 35,681 shares, compared to its average volume of 19,114. The stock’s 50 day moving average is $7.22 and its 200-day moving average is $7.40. Entain has a 52-week low of $6.68 and a 52-week high of $12.14.

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.