Short-term interest in Flutter Entertainment plc (OTCMKTS:PDYPY) increases by 50.0%

Flutter Entertainment plc (OTCMKTS:PDYPY – Get Rating) was the target of a surge in short-term interest in December. As of December 30, there was short interest totaling 300 shares, an increase of 50.0% from the total of 200 shares as of December 15. Based on an average trading volume of 38,600 shares, the short-term interest rate ratio is currently 0.0 day.

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Several analysts have recently weighed in on the stock. Barclays downgraded shares of Flutter Entertainment from an “overweight” rating to an “equal weight” rating in a Wednesday, October 19 research report. Redburn Partners assumed coverage for Flutter Entertainment shares in a Wednesday, October 12 research report. They issued a “buy” rating on the stock. Morgan Stanley raised its price target on shares of Flutter Entertainment from £158 ($192.80) to £166 ($202.56) in a Monday, Nov. 7 research report. Deutsche Bank Aktiengesellschaft raised its price target on shares of Flutter Entertainment from £151.47 ($184.83) to £161.16 ($196.66) in a research report on Wednesday. Finally, Jefferies Financial Group raised its price target on shares of Flutter Entertainment from £129 ($157.41) to £150 ($183.04) in a Wednesday, November 16 research report. Two investment analysts gave the stock a hold rating and three gave the stock a buy rating. Based on MarketBeat data, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $15,523.20.

Flutter Entertainment trades up 2.1%

Shares of OTCMKTS PDYPY traded at $1.58 during Friday’s trading, hitting $78.08. The company had a trading volume of 10,808 shares, compared to an average volume of 17,362 shares. Flutter Entertainment has a 52-week minimum of $43.71 and a 52-week maximum of $78.08. The company’s 50-day moving average price is $71.77 and its 200-day moving average price is $62.53.

About Flutter Entertainment

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Flutter Entertainment plc operates as a sports betting and gaming company in the UK, Ireland, Australia, USA and internationally. The Company operates through four segments: United Kingdom and Ireland, Australia, International and United States. It offers sports betting and sports betting exchange products, daily fantasy sports products and pari-mutuel products; fixed odds game betting products; online games and casinos; peer-to-peer games, including bingo, rummy and online poker; and business-to-business services.

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