Flutter Entertainment plc (OTCMKTS:PDYPY) Short Interest Update

Flutter Entertainment plc (OTCMKTS:PDYPY – Get Rating) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 600 shares, a drop of 62.5% from the April 30th total of 1,600 shares. Based on an average daily volume of 31,100 shares, the days-to-cover ratio is currently 0.0 days.

Flutter Entertainment Stock Performance

Shares of OTCMKTS:PDYPY traded up $2.28 during trading on Friday, hitting $100.05. The company’s stock had a trading volume of 12,295 shares, compared to its average volume of 20,963. Flutter Entertainment has a 12 month low of $43.71 and a 12 month high of $104.21. The company has a 50-day moving average of $95.37 and a 200-day moving average of $82.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.87 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

A number of research firms have commented on PDYPY. Berenberg Bank raised their price target on shares of Flutter Entertainment from £138 ($171.64) to £160 ($199.00) in a report on Tuesday, March 14th. Morgan Stanley raised their price target on shares of Flutter Entertainment from £161 ($200.25) to £164 ($203.98) in a report on Friday, March 3rd. Wells Fargo & Company cut shares of Flutter Entertainment from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 4th. Credit Suisse Group began coverage on shares of Flutter Entertainment in a report on Tuesday, April 11th. They issued an “outperform” rating for the company. Finally, Craig Hallum began coverage on shares of Flutter Entertainment in a report on Friday, January 27th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15,702.29.

About Flutter Entertainment

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Flutter Entertainment Plc is engaged in the business of online betting and gaming. It operates through the following segments: PPB Online, Australia, PPB Retail, U.S, and Corporate. The PPB Online segment comprises of Paddy Power, Betfair, and Adjarabet brands. The Australia segment focuses on sports betting services provided to Australian customers using internet with a small proportion using the public telephony system.