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

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

Wall Street Analyst Weigh In

PYTCF has been the topic of several research analyst reports. Jefferies Financial Group cut Playtech to a “hold” rating in a research note on Tuesday, November 25th. Morgan Stanley downgraded Playtech to an “underweight” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Playtech Price Performance

Shares of PYTCF remained flat at $3.90 during trading hours on Tuesday. Playtech has a fifty-two week low of $2.97 and a fifty-two week high of $11.05. The business has a 50-day moving average of $3.51 and a 200 day moving average of $4.53.

Playtech Company Profile

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.