Short Interest in Flutter Entertainment plc (OTCMKTS:PDYPY) Grows By 50.0%

Flutter Entertainment plc (OTCMKTS:PDYPY – Get Rating) was the target of a large increase in short interest in December. As of December 30th, there was short interest totalling 300 shares, an increase of 50.0% from the December 15th total of 200 shares. Based on an average trading volume of 38,600 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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Several analysts have recently weighed in on the stock. Barclays lowered shares of Flutter Entertainment from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 19th. Redburn Partners assumed coverage on shares of Flutter Entertainment in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Morgan Stanley boosted their price target on shares of Flutter Entertainment from £158 ($192.80) to £166 ($202.56) in a research report on Monday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Flutter Entertainment from £151.47 ($184.83) to £161.16 ($196.66) in a research report on Wednesday. Finally, Jefferies Financial Group boosted their price target on shares of Flutter Entertainment from £129 ($157.41) to £150 ($183.04) in a research report on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $15,523.20.

Flutter Entertainment Trading Up 2.1 %

Shares of OTCMKTS PDYPY traded up $1.58 during trading on Friday, reaching $78.08. The company had a trading volume of 10,808 shares, compared to its average volume of 17,362. Flutter Entertainment has a 52 week low of $43.71 and a 52 week high of $78.08. The business’s 50 day moving average price is $71.77 and its 200-day moving average price is $62.53.

About Flutter Entertainment

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Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.

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