Flutter Entertainment plc (OTCMKTS:PDYPY) short interest down 33.3% in October

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

(get rating)

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.

Featured Stories

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Flutter Entertainment, here’s what you should hear.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Flutter Entertainment wasn’t on the list.

While Flutter Entertainment is currently rated a “Moderate Buy” by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here

source

Leave a Reply

Your email address will not be published. Required fields are marked *