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

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

Century Casinos Stock Performance

Shares of NASDAQ CNTY traded up $0.04 during mid-day trading on Friday, hitting $1.27. The stock had a trading volume of 33,109 shares, compared to its average volume of 78,177. The firm has a market cap of $35.74 million, a PE ratio of -0.66 and a beta of 1.68. The company has a 50 day moving average of $1.25 and a two-hundred day moving average of $1.38. Century Casinos has a twelve month low of $1.14 and a twelve month high of $2.80.

Century Casinos (NASDAQ:CNTY) last issued its quarterly 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). The firm had revenue of $152.00 million for the quarter, compared to analyst estimates of $153.87 million. Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.62%. Equities research analysts predict that Century Casinos will post -1.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Century Casinos

A number of institutional investors have recently bought and sold shares of CNTY. Goldman Sachs Group Inc. lifted its stake in Century Casinos by 35.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after acquiring an additional 30,998 shares during the period. XTX Topco Ltd acquired a new stake in shares of Century Casinos in the second quarter worth $51,000. Mink Brook Asset Management LLC increased its stake in shares of Century Casinos by 13.3% in the second quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock worth $288,000 after acquiring an additional 16,004 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Century Casinos in the third quarter worth $34,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Century Casinos by 18.5% during the third quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock worth $197,000 after purchasing an additional 11,793 shares during the last quarter. 66.36% of the stock is owned by hedge funds and other institutional investors.

About Century Casinos

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.