888 Holdings plc (OTCMKTS:EIHDF) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 30,200 shares, a decline of 26.0% from the March 31st total of 40,800 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is currently 6.0 days.
Shares of OTCMKTS:EIHDF remained flat at $$5.90 during mid-day trading on Tuesday. The company had a trading volume of 400 shares, compared to its average volume of 5,376. 888 has a 12 month low of $1.64 and a 12 month high of $6.28. The business has a 50-day moving average of $5.51 and a 200 day moving average of $4.32.
A number of brokerages have issued reports on EIHDF. Stifel Nicolaus lowered 888 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of 888 in a research report on Thursday, April 29th. Jefferies Financial Group began coverage on 888 in a research note on Monday, March 1st. They issued a “buy” rating for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of 888 in a report on Thursday, April 29th. Finally, Berenberg Bank reissued a “buy” rating on shares of 888 in a report on Thursday, March 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy”.
888 Holdings plc, together with its subsidiaries, provides online gaming entertainment products and solutions. It operates through Business to Customer and Business to Business segments. The company owns proprietary software solutions that provide a range of virtual online gaming services over the internet, including casino and games, poker, sport, bingo, and social games.
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