Entain Plc (OTCMKTS:GMVHY) Stock Short Interest Rises 102.8%

Entain Plc (OTCMKTS:GMVHY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,757 shares, a growth of 102.8% from the September 15th total of 2,839 shares. Based on an average trading volume of 148,145 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in 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 research 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.com, the company presently has an average rating of “Buy”.

Entain Price Performance

OTCMKTS GMVHY traded down $0.13 on Wednesday, hitting $5.78. The company had a trading volume of 7,891 shares, compared to its average volume of 67,849. The company’s fifty day moving average price is $6.60 and its 200-day moving average price is $7.14. Entain has a 12-month low of $5.34 and a 12-month high of $11.17.

About Entain

Entain plc is an international sports-betting and gaming company operating primarily through online platforms and retail betting locations. The company offers sports wagering, casino games, poker, bingo and other interactive gaming products through a portfolio of consumer brands.

Its brands have included bwin, Coral, Ladbrokes, PartyPoker and Sportingbet. Entain also operates BetMGM, a sports-betting and iGaming business formed through a joint venture with MGM Resorts International. The company serves customers across multiple regulated markets, including the United Kingdom, Europe, Australia and selected markets in the Americas.

Entain was formerly known as GVC Holdings and adopted the Entain name in 2020 as part of a broader repositioning of the business.