Several Support Levels in Place for DraftKings Stock

It’s also worth noting shorts are in covering mode, despite a buildup in short interest from October to early November. There is still plenty of pessimism left to unwind, however, since 5.6% of the security’s available float sold short. There’s still room for upgrades, too, with eight of 33 analysts in coverage rating DraftKings stock a tepid "hold."Our recommended February call has a leverage ratio 5.7, and will double on an 18% jump in the underlying shares.Sports betting name DraftKings Inc (NASDAQ:DKNG) ...