Short Interest in Canterbury Park Holding Corporation (NASDAQ:CPHC) Declines By 69.4%

Canterbury Park Holding Corporation (NASDAQ:CPHC) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,383 shares, a decline of 69.4% from the May 14th total of 4,527 shares. Based on an average daily trading volume, of 2,396 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Canterbury Park

A number of institutional investors and hedge funds have recently bought and sold shares of CPHC. Gamco Investors INC. ET AL boosted its holdings in Canterbury Park by 0.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company’s stock worth $5,852,000 after acquiring an additional 2,000 shares during the period. Bank of America Corp DE boosted its stake in shares of Canterbury Park by 142.2% during the 2nd quarter. Bank of America Corp DE now owns 2,616 shares of the company’s stock valued at $49,000 after buying an additional 1,536 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Canterbury Park by 0.8% during the 4th quarter. Gabelli Funds LLC now owns 195,000 shares of the company’s stock valued at $3,003,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Canterbury Park Trading Up 0.7%

Shares of NASDAQ CPHC traded up $0.11 on Friday, reaching $15.89. 3,037 shares of the company traded hands, compared to its average volume of 1,518. Canterbury Park has a fifty-two week low of $14.39 and a fifty-two week high of $21.61. The company has a 50 day moving average of $15.72 and a 200 day moving average of $15.51. The stock has a market capitalization of $81.83 million, a PE ratio of -1,589.00 and a beta of -0.39.

Canterbury Park (NASDAQ:CPHC) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter. The company had revenue of $13.51 million during the quarter. Canterbury Park had a negative net margin of 0.10% and a negative return on equity of 0.07%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Canterbury Park from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Canterbury Park

Canterbury Park Holding Corp. engages in hosting and managing pari mutuel wagering activities. It operates through the following business segments: Horse Racing, Card Casino, Food & Beverage and Development. The Horse Racing segment includes simulcast and live horse racing operations. The Card Casino segment holds unbanked card games, poker and table games. The Food and Beverage segment consists of concession stands, restaurant and buffet, bars, and other food venues. The Development segment owns land for racetrack operations.