Entain Plc (OTCMKTS:GMVHF) Short Interest Down 63.7% in July

Entain Plc (OTCMKTS:GMVHF) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 831,538 shares, a decrease of 63.7% from the July 15th total of 2,292,414 shares. Based on an average daily trading volume, of 17,537 shares, the short-interest ratio is presently 47.4 days.

Wall Street Analysts Forecast Growth

GMVHF has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Entain in a report on Wednesday, July 15th. BNP Paribas Exane started coverage on Entain in a research report on Thursday, May 14th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Entain in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Entain has an average rating of “Buy”.

Entain Stock Up 2.0%

Entain stock traded up $0.15 during midday trading on Friday, hitting $7.77. 3,349 shares of the stock were exchanged, compared to its average volume of 12,441. The company has a fifty day simple moving average of $7.58 and a two-hundred day simple moving average of $7.72. Entain has a 52 week low of $6.74 and a 52 week high of $12.46.

Entain Company Profile

Entain PLC, trading in the US over-the-counter as GMVHF, is a global sports-betting and gaming group offering both online and retail wagering services. Through a portfolio of well-known brands—such as Ladbrokes, Coral, bwin, PartyPoker and PartyCasino—the company provides sports betting, casino, poker, bingo and esports products to customers in regulated markets worldwide. Entain’s platforms support multiple channels of distribution, combining digital technology with a network of retail shops in the United Kingdom, Ireland, Spain, Italy and Germany.

Founded in 2004 under the name GVC Holdings, the business expanded rapidly through strategic acquisitions and the development of proprietary technology.