Flutter Entertainment plc (OTCMKTS:PDYPY – Rated ) was the target of a sharp increase in short interest in December. As of December 30, short interest totaled 300 shares, an increase of 50.0% from 200 shares on December 15. Based on average volume of 38,600 shares, the short interest rate is currently 0.0 days.
Wall Street analysts weigh in
Several analysts have recently weighed in on the stock. Barclays downgraded shares of Flutter Entertainment from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 19th. Redburn Partners covered shares of Flutter Entertainment in a research report on Wednesday, October 12th. They have a “buy” rating on the stock. Morgan Stanley upped their price target on Flutter Entertainment from £158 ($192.80) to £166 ($202.56) in a research report on Monday, November 7th. Deutsche Bank Aktiengesellschaft raised their price target on Flutter Entertainment from 151.47 pounds ($184.83) to 161.16 pounds ($196.66) in a research note on Wednesday. Finally, Jefferies Financial Group upped their price target on 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 assigned a buy rating to the stock. Flutter Entertainment currently has a Moderate Buy consensus rating and a consensus price target of $15,523.20, according to MarketBeat.
Flutter Entertainment shares rose 2.1%
Shares in OTCMKTS PDYPY rose $1.58 to $78.08 during Friday’s trade. The company’s volume was 10,808 shares, compared with its average volume of 17,362 shares. Flutter Entertainment had a 52-week low of $43.71 and a 52-week high of $78.08. The company’s 50-day moving average is $71.77 and its 200-day moving average is $62.53.
Flutter Entertainment plc operates as a sportsbook in the UK, Ireland, Australia, the US and internationally. The company operates through four segments: UK & Ireland, Australia, International and US. It offers sports betting and redemption sports betting products, daily fantasy sports products and pari-mutuel betting products; fixed odds game 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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