Short Interest in Century Casinos, Inc. (NASDAQ:CNTY) Drops By 73.2%

Century Casinos, Inc. (NASDAQ:CNTY) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 255,900 shares, a decline of 73.2% from the June 30th total of 955,100 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 184,500 shares, the days-to-cover ratio is presently 1.4 days.

Century Casinos Stock Performance

CNTY stock traded down $0.01 on Thursday, hitting $2.60. The company’s stock had a trading volume of 73,565 shares, compared to its average volume of 168,760. The firm has a 50 day moving average of $2.62 and a two-hundred day moving average of $3.01. Century Casinos has a 1 year low of $2.35 and a 1 year high of $8.01. The stock has a market cap of $79.77 million, a price-to-earnings ratio of -1.96 and a beta of 2.64. The company has a current ratio of 2.06, a quick ratio of 2.01 and a debt-to-equity ratio of 4.92.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.08. Century Casinos had a negative net margin of 7.01% and a negative return on equity of 18.29%. The firm had revenue of $136.02 million during the quarter, compared to the consensus estimate of $139.70 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. Equities analysts predict that Century Casinos will post -1.25 EPS for the current fiscal year.

Institutional Trading of Century Casinos

Several institutional investors and hedge funds have recently bought and sold shares of CNTY. Empowered Funds LLC increased its stake in Century Casinos by 8.1% in the 1st quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock valued at $212,000 after buying an additional 5,042 shares during the period. Vanguard Group Inc. increased its stake in Century Casinos by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company’s stock valued at $5,343,000 after buying an additional 13,372 shares during the period. Quadrature Capital Ltd acquired a new position in Century Casinos in the 1st quarter valued at $51,000. Price T Rowe Associates Inc. MD increased its stake in Century Casinos by 38.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock valued at $215,000 after buying an additional 18,869 shares during the period. Finally, Virtu Financial LLC acquired a new position in Century Casinos in the 1st quarter valued at $66,000. Hedge funds and other institutional investors own 66.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CNTY shares. StockNews.com downgraded shares of Century Casinos from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Stifel Nicolaus restated a “buy” rating and set a $4.00 price objective on shares of Century Casinos in a research report on Monday, April 8th. Finally, Macquarie upgraded shares of Century Casinos from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Century Casinos currently has an average rating of “Hold” and an average target price of $9.00.

Century Casinos Company Profile

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. It develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. The company was founded in 1992 and is based in Colorado Springs, Colorado.