Entain Plc (OTCMKTS:GMVHY) Sees Significant Growth in Short Interest

Entain Plc (OTCMKTS:GMVHY) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 32,300 shares, a growth of 32,200.0% from the March 31st total of 100 shares. Based on an average daily volume of 100,600 shares, the days-to-cover ratio is presently 0.3 days.

Entain Stock Down 3.4 %

Shares of OTCMKTS:GMVHY traded down $0.36 during midday trading on Thursday, hitting $10.21. The company had a trading volume of 57,417 shares, compared to its average volume of 36,035. The firm has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $11.18. Entain has a 12 month low of $9.17 and a 12 month high of $18.92.

Entain Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 10th. Investors of record on Monday, March 18th will be issued a dividend of $0.0911 per share. The ex-dividend date is Friday, March 15th. This is a boost from Entain’s previous dividend of $0.09.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded Entain from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th.

About Entain

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.