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

Entain Plc (OTCMKTS:GMVHF) was the target of a large decrease in short interest in 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 volume of 17,537 shares, the days-to-cover ratio is currently 47.4 days.

Entain Stock Up 2.0%

Shares of GMVHF stock opened at $7.77 on Friday. The business’s fifty day moving average is $7.58 and its 200 day moving average is $7.72. Entain has a twelve month low of $6.74 and a twelve month high of $12.46.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BNP Paribas Exane began coverage on shares of Entain in a research note on Thursday, May 14th. They set an “outperform” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Entain in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Entain in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Entain presently has an average rating of “Buy”.

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.