Playtech plc (OTCMKTS:PYTCF) Sees Significant Increase in Short Interest

Playtech plc (OTCMKTS:PYTCF) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 131,292 shares, an increase of 29.9% from the November 30th total of 101,068 shares. Based on an average trading volume of 1,443 shares, the short-interest ratio is presently 91.0 days. Based on an average trading volume of 1,443 shares, the short-interest ratio is presently 91.0 days.

Playtech Price Performance

OTCMKTS:PYTCF remained flat at $3.90 during mid-day trading on Wednesday. The firm has a 50 day moving average of $3.52 and a two-hundred day moving average of $4.52. Playtech has a 1 year low of $2.97 and a 1 year high of $11.05.

Analysts Set New Price Targets

Several brokerages recently commented on PYTCF. Jefferies Financial Group downgraded Playtech to a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley lowered shares of Playtech to an “underweight” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

About Playtech

Playtech is a leading provider of software and services for the global online gambling and financial trading industries. The company offers a comprehensive suite of technology solutions designed to support online casinos, sports betting, poker, bingo and live dealer experiences. Through a unified back-office platform, Playtech enables operators to manage player accounts, payments, compliance and marketing across a diverse range of verticals and brands.

The company’s product portfolio includes a proprietary casino platform, a sportsbook engine, live dealer studios and a variety of branded slot and table games.