Flutter Entertainment plc (OTCMKTS:PDYPY – Get Rating) saw a sharp drop in short interest in October. As of October 31, there was short interest totaling 600 shares, down 33.3% from the October 15 total of 900 shares. Based on an average daily volume of 36,500 shares, the short interest ratio is currently 0.0 days.
Wall Street analyst ponders
A number of brokers have issued reports on PDYPY. Citigroup downgraded Flutter Entertainment from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 21. JPMorgan Chase & Co. increased its price target on Flutter Entertainment to £136 ($156.59) from £128 ($147.38) in a research report on Monday, October 3. Exane BNP Paribas reported on Flutter Entertainment in a research report on Thursday, October 6th. They gave the stock an “outperform” rating. Deutsche Bank Aktiengesellschaft has lowered its target price on Flutter Entertainment to £135 ($155.44) from £138.20 ($159.12) in a research report on Monday, October 3. Finally, Redburn Partners took over coverage of Flutter Entertainment in a research report on Wednesday, October 12th. They give the stock a “buy” rating. Two analysts have rated the stock with a hold rating and five with a buy rating. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14,375.00.
Flutter Entertainment shares are up 5.4%
OTCMKTS PDYPY shares opened at $68.57 on Friday. Flutter Entertainment has a 1 year low of $43.71 and a 1 year high of $82.51. The company’s 50-day moving average price is $60.22 and its 200-day moving average price is $56.21.
About Flutter Entertainment
Flutter Entertainment plc operates as a sports betting and gaming company in the UK, Ireland, Australia, the United States and internationally. The Company operates in four segments: UK & Ireland, Australia, International and USA. It offers sports betting and stock market sports betting, daily fantasy sports products and pari-mutuel betting products; fixed odds betting products; online games and casinos; peer to peer games including online bingo, rummy and poker; and business-to-business services.
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