Century Casinos, Inc. (NASDAQ:CNTY) Sees Significant Growth in Short Interest

Century Casinos, Inc. (NASDAQ:CNTY) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 50,492 shares, a growth of 256.5% from the February 12th total of 14,163 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 36,912 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 36,912 shares, the short-interest ratio is presently 1.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Century Casinos

Several institutional investors have recently modified their holdings of the stock. Legato Capital Management LLC purchased a new position in shares of Century Casinos in the 4th quarter valued at $25,000. CIBC Bancorp USA Inc. purchased a new stake in Century Casinos in the third quarter valued at $26,000. Franklin Resources Inc. acquired a new position in Century Casinos in the third quarter valued at $34,000. XTX Topco Ltd acquired a new position in Century Casinos in the second quarter valued at $51,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Century Casinos during the third quarter worth about $117,000. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CNTY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Century Casinos in a research report on Monday, December 29th. Stifel Nicolaus decreased their price target on shares of Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.67.

Century Casinos Stock Up 3.4%

Shares of NASDAQ CNTY opened at $1.50 on Wednesday. The business has a 50-day moving average of $1.55 and a two-hundred day moving average of $1.87. The company has a market capitalization of $44.16 million, a price-to-earnings ratio of -0.42 and a beta of 1.90. Century Casinos has a 1 year low of $1.23 and a 1 year high of $2.85. The company has a debt-to-equity ratio of 83.68, a current ratio of 1.44 and a quick ratio of 1.39.

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.