Short Interest in Century Casinos, Inc. (NASDAQ:CNTY) Increases By 93.1%

Century Casinos, Inc. (NASDAQ:CNTYGet Free Report) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 198,097 shares, a growth of 93.1% from the July 30th total of 102,576 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 114,340 shares, the days-to-cover ratio is currently 1.7 days.

Century Casinos Stock Performance

CNTY stock traded up $0.04 during trading on Friday, reaching $1.27. 33,109 shares of the company traded hands, compared to its average volume of 78,177. The business has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $1.38. Century Casinos has a 12 month low of $1.14 and a 12 month high of $2.80. The company has a market capitalization of $35.74 million, a price-to-earnings ratio of -0.66 and a beta of 1.68.

Century Casinos (NASDAQ:CNTYGet Free Report) last announced its earnings results on Friday, August 7th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06). Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.62%.The firm had revenue of $152.00 million during the quarter, compared to the consensus estimate of $153.87 million. As a group, research analysts forecast that Century Casinos will post -1.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Century Casinos from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.00.

View Our Latest Stock Report on Century Casinos

Institutional Investors Weigh In On Century Casinos

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legato Capital Management LLC acquired a new position in shares of Century Casinos during the fourth quarter worth $25,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Century Casinos in the 3rd quarter worth $26,000. Franklin Resources Inc. purchased a new position in Century Casinos during the 3rd quarter worth $34,000. Hsbc Holdings PLC acquired a new position in Century Casinos during the 2nd quarter valued at about $45,000. Finally, JB Capital Partners LP acquired a new position in Century Casinos during the 2nd quarter valued at about $49,002. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Century Casinos Company Profile

(Get Free Report)

Century Casinos, Inc is an international gaming and entertainment company that owns and operates casino properties across North America and Europe. The company offers a full range of gaming services, including slot machines, table games, poker rooms and sports wagering, complemented by hotel accommodations, food and beverage outlets, live entertainment and meeting facilities.

In the United States, Century Casinos’ portfolio includes Century Casino & Hotel Cripple Creek and Century Casino & Hotel Central City in Colorado, as well as Century Casino Cape Girardeau in Missouri.

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