PointsBet Holdings Limited (OTCMKTS:PBTHF – Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 10,023 shares, an increase of 378.9% from the January 15th total of 2,093 shares. Based on an average trading volume of 800 shares, the short-interest ratio is presently 12.5 days. Based on an average trading volume of 800 shares, the short-interest ratio is presently 12.5 days.
PointsBet Trading Down 33.0%
Shares of PBTHF stock opened at $0.24 on Wednesday. PointsBet has a fifty-two week low of $0.23 and a fifty-two week high of $1.35. The stock has a 50 day simple moving average of $0.41 and a two-hundred day simple moving average of $0.51.
About PointsBet
PointsBet Holdings Limited is an online bookmaker specializing in sports and racing wagering, offering both traditional fixed-odds betting and its proprietary PointsBetting model. The company operates through a digital platform and mobile applications, providing customers with access to a broad range of sporting events, including major international leagues, horse racing, and niche competitions. PointsBet also features an online casino segment in select markets, expanding its product suite beyond sports betting.
Founded in Brisbane, Australia, in 2015, PointsBet rapidly expanded its operations domestically before entering the United States market in 2019.
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