Short Interest in Playtech plc (OTCMKTS:PYTCF) Drops By 17.1%

Playtech plc (OTCMKTS:PYTCF) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 350,860 shares, a decrease of 17.1% from the February 26th total of 423,021 shares. Based on an average daily trading volume, of 1,006 shares, the short-interest ratio is presently 348.8 days.

Playtech Price Performance

Shares of PYTCF stock opened at $4.78 on Monday. Playtech has a 1-year low of $2.97 and a 1-year high of $11.05. The stock has a 50 day simple moving average of $4.30 and a 200-day simple moving average of $4.14.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PYTCF. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Playtech in a report on Friday, February 6th. Morgan Stanley lowered shares of Playtech to an “underweight” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Playtech presently has a consensus rating of “Hold”.

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.