Short Interest in Flutter Entertainment plc (OTCMKTS:PDYPY) Increases By 161.5%

( ) has seen a substantial increase in short-term interest during the month June. On June 30, there were 3,400 short shares, which is a 161,5% increase from the total of 1,300 on June 15. The days-to-cover is currently 0.2 based on a trading volume average of 20,500 shares.

Wall Street analysts weigh in

PDYPY has been the subject of recent reports from several brokerages. JPMorgan Chase & Co. increased their price target for shares of Flutter Entertainment in a research report on Friday, 5th May from PS151 ($194.26) up to PS168 ($216.13). Wells Fargo & Company lowered Flutter Entertainment's rating from 'overweight to equal weight' in a report published on Thursday, 5th May. Barclays raised their price target for Flutter Entertainment in a report published on Friday, 2nd June from PS140 ($180.11 to PS155 ($199.41). Credit Suisse Group began covering Flutter Entertainment on Tuesday, April 11, in a report. The company was given an 'outperform rating'. Citigroup upgraded shares of Flutter Entertainment in a Monday, 15th report from a "neutral" rating to a "buy". Four analysts have given the company a "hold" rating, while four others have assigned a "buy" rating. During Friday's trading hours, the stock rose $0.28 to $104.95. The trading volume was 8,149 shares compared to the average of 9,778. Flutter Entertainment's one-year low is $44.84 while its one-year high is $105.28. The company has a 50-day simple moving median of $99.48, and a 200-day simple moving medium of $89.65. The debt-to equity ratio for the company is 0.54; current ratio 0.87, and quick ratio 0.87.

Flutter Entertainment Company Profile

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Flutter Entertainment plc is a sports betting company that operates in the United Kingdom and Ireland as well as Australia, the United States and other countries. The company is divided into four segments: UK & Ireland; Australia; International and US. It offers fixed odds betting products for online games, casinos, lottery, peer-topeer games such as online bingo, poker, rummy and daily fantasy sports.

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