Flutter Entertainment plc (OTCMKTS:PDYPY) Short Interest Update

Flutter Entertainment plc (OTCMKTS:PDYPY – Get Rating) was the recipient of a large drop in short interest during 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 Price Performance

PDYPY traded up $2.28 during trading on Friday, reaching $100.05. 12,295 shares of the stock were exchanged, compared to its average volume of 20,963. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.54. Flutter Entertainment has a 1 year low of $43.71 and a 1 year high of $104.21. The business’s 50 day moving average price is $95.37 and its two-hundred day moving average price is $82.21.

Analysts Set New Price Targets

Several research firms have weighed in on PDYPY. Wells Fargo & Company downgraded Flutter Entertainment from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 4th. Citigroup raised Flutter Entertainment from a “neutral” rating to a “buy” rating in a research report on Monday, May 15th. Credit Suisse Group initiated coverage on Flutter Entertainment in a research note on Tuesday, April 11th. They issued an “outperform” rating for the company. Redburn Partners cut Flutter Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, May 5th. Finally, Barclays lifted their price objective on Flutter Entertainment from £110 ($136.82) to £140 ($174.13) in a research note on Wednesday, March 29th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus price target 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.