Short Interest in Entain Plc (OTCMKTS:GMVHY) Declines By 82.7%

Entain Plc (OTCMKTS:GMVHY) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 6,302 shares, a decline of 82.7% from the July 30th total of 36,525 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 56,512 shares, the short-interest ratio is presently 0.1 days.

Entain Price Performance

Shares of GMVHY remained flat at $7.32 during mid-day trading on Wednesday. The company’s stock had a trading volume of 6,343 shares, compared to its average volume of 25,445. Entain has a 52-week low of $6.85 and a 52-week high of $12.14. The stock’s 50 day moving average price is $7.34 and its two-hundred day moving average price is $7.50.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Entain to a “hold” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Entain

Entain plc (OTCMKTS: GMVHY) is a leading global sports betting and gaming group operating through a diversified portfolio of online and retail channels. The company engages consumers via proprietary platforms and third-party partnerships, focusing on regulated markets to deliver a range of wagering and gaming experiences.

Entain’s portfolio includes well-known brands such as Ladbrokes, Coral, bwin, Sportingbet, partypoker and Foxy Bingo. Its offerings span online sports betting, casino games, poker, bingo and daily fantasy sports, in addition to a network of retail betting shops in the United Kingdom and Ireland.