Flutter Entertainment plc (OTCMKTS:PDYPY – Get Rating) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 200 shares, a decline of 80.0% from the November 30th total of 1,000 shares. Based on an average trading volume of 47,300 shares, the short-interest ratio is presently 0.0 days.
Flutter Entertainment Price Performance
OTCMKTS PDYPY traded down $1.69 during trading hours on Wednesday, reaching $68.31. 9,586 shares of the company’s stock were exchanged, compared to its average volume of 45,743. Flutter Entertainment has a one year low of $43.71 and a one year high of $81.55. The company’s 50-day moving average is $69.01 and its two-hundred day moving average is $59.95.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Exane BNP Paribas began coverage on Flutter Entertainment in a research report on Thursday, October 6th. They issued an “outperform” rating on the stock. Barclays cut Flutter Entertainment from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 19th. JPMorgan Chase & Co. lifted their price objective on shares of Flutter Entertainment from £148 ($178.61) to £161 ($194.30) in a research note on Wednesday, November 30th. Jefferies Financial Group upped their target price on shares of Flutter Entertainment from £129 ($155.68) to £150 ($181.03) in a research note on Wednesday, November 16th. Finally, Citigroup cut shares of Flutter Entertainment from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15,000.00.
About Flutter Entertainment
(Get Rating)
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.
Further Reading
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