Flutter Entertainment PLC (NYSE:FLUT) Sees Large Increase in Short Interest

Flutter Entertainment PLC (NYSE:FLUT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 8,639,973 shares, an increase of 23.2% from the December 15th total of 7,015,613 shares. Based on an average daily volume of 1,701,890 shares, the short-interest ratio is currently 5.1 days. Approximately 4.9% of the shares of the stock are short sold. Approximately 4.9% of the shares of the stock are short sold. Based on an average daily volume of 1,701,890 shares, the short-interest ratio is currently 5.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FLUT. Vanguard Group Inc. boosted its position in shares of Flutter Entertainment by 402.4% in the second quarter. Vanguard Group Inc. now owns 17,257,475 shares of the company’s stock worth $4,931,496,000 after acquiring an additional 13,822,673 shares during the last quarter. Parvus Asset Management Jersey Ltd purchased a new position in Flutter Entertainment during the second quarter worth approximately $2,231,266,000. Norges Bank acquired a new position in shares of Flutter Entertainment in the 2nd quarter valued at $930,349,000. State Street Corp boosted its holdings in shares of Flutter Entertainment by 120.3% in the 2nd quarter. State Street Corp now owns 3,086,730 shares of the company’s stock valued at $882,064,000 after purchasing an additional 1,685,556 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Flutter Entertainment by 57.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,080,848 shares of the company’s stock valued at $877,583,000 after buying an additional 1,122,892 shares during the period.

Flutter Entertainment Price Performance

Shares of NYSE:FLUT opened at $188.77 on Monday. The company has a market cap of $33.08 billion, a P/E ratio of -145.21 and a beta of 1.88. The business has a fifty day simple moving average of $211.22 and a 200-day simple moving average of $254.16. Flutter Entertainment has a 52 week low of $187.95 and a 52 week high of $313.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.27.

More Flutter Entertainment News

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Board strengthening — Flutter added digital and media executive David Kenny to its board, a move investors may view as governance and strategy reinforcement. Flutter Entertainment adds David Kenny to Board of Directors
• Neutral Sentiment: Investor discussion/market chatter — Active threads on the LSE share chat reflect retail focus on volatility and short-term trading around FLTR/FLUT but contain mixed sentiment and no new corporate disclosures. Flutter Entertainment Share Chat (FLTR)
• Neutral Sentiment: Valuation/technical discussion — Commentary asks whether current pricing already reflects recent share weakness and regulatory headlines; this is analytical context rather than a new catalyst. Is Flutter Entertainment (NYSE:FLUT) Pricing Reflect Recent Share Weakness And Regulatory Headlines?
• Negative Sentiment: Analyst downgrade — Wells Fargo cut FLUT from “strong-buy” to “hold,” reducing near-term buy-side support and increasing downside pressure from revisions. Wells Fargo downgrades Flutter Entertainment (FLUT)
• Negative Sentiment: Sector headwinds — Betting stocks fell as NFL prediction-betting and free-to-play app formats gain traction, a trend that could compress revenue and margins for incumbent sportsbook operators like Flutter. Betting Stocks Fall as NFL Prediction Bets Gain on Gambling Apps
• Negative Sentiment: Market reaction explained — Coverage summarizing why FLUT shares are sliding points to the combination of the downgrade, sector competition and regulatory headlines as drivers of today’s sell-off. Why Flutter Entertainment (FLUT) shares are sliding today

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FLUT. Citizens Jmp upped their target price on Flutter Entertainment from $311.00 to $313.00 and gave the company a “market outperform” rating in a research note on Monday, January 5th. BTIG Research boosted their price target on Flutter Entertainment from $271.00 to $281.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Morgan Stanley reduced their price objective on Flutter Entertainment from $352.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Truist Financial set a $260.00 price objective on Flutter Entertainment in a research report on Tuesday, January 13th. Finally, Bank of America reissued a “neutral” rating and issued a $250.00 target price (down previously from $325.00) on shares of Flutter Entertainment in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and an average target price of $298.35.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.