Evolution AB (publ) (OTCMKTS:EVVTY) sees significant drop in short-term interest

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Evolution AB (published) (OTCMKTS:EVVTYGet a rating) was the target of a significant drop in short interest in April. As of April 15, there was short interest totaling 600 shares, down 70.0% from the March 31 total of 2,000 shares. Based on an average daily trading volume of 91,200 shares, the day-to-cover ratio is currently 0.0 day.

Several analysts have recently released reports on EVVTY shares. Citigroup upgraded Evolution AB (publ) from a “neutral” rating to a “buy” rating in a Tuesday, January 11 research report. Berenberg Bank began covering Evolution AB (publ) in a research note on Friday, January 7. They set a “holding” rating for the company.

Shares of OTCMKTS:EVVTY traded at $0.72 on Friday, reaching $102.82. The company had a trading volume of 48,755 shares, compared to an average volume of 86,641. Evolution AB has a 52-week low of $89.59 and a 52-week high of $201.76. The company’s 50-day simple moving average is $104.97 and its 200-day simple moving average is $126.17.

Company Profile Evolution AB (pub) (Get a rating)

Evolution AB (publ) develops, produces, markets and licenses live casino and slot machine solutions to gaming operators primarily in Europe and the United States. The company runs the game from a casino game table, which is broadcast in real time and end users make betting decisions on their devices, such as computers, smartphones, tablets, etc.

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