Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Update

Century Casinos, Inc. (NASDAQ:CNTY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 110,200 shares, a growth of 9.1% from the September 30th total of 101,000 shares. Based on an average daily volume of 73,400 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of Century Casinos

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. acquired a new stake in shares of Century Casinos during the second quarter worth $32,000. Quadrature Capital Ltd acquired a new position in Century Casinos during the first quarter valued at $51,000. Virtu Financial LLC acquired a new position in Century Casinos during the first quarter valued at $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Century Casinos during the second quarter valued at $103,000. Finally, Empowered Funds LLC raised its position in Century Casinos by 8.1% during the first 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. Institutional investors own 66.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Macquarie reduced their price objective on Century Casinos from $5.00 to $4.00 and set an “outperform” rating for the company in a research report on Friday, August 9th.

Century Casinos Stock Performance

CNTY stock traded up $0.04 during trading on Wednesday, reaching $3.34. 117,957 shares of the company’s stock were exchanged, compared to its average volume of 137,954. The company has a quick ratio of 1.91, a current ratio of 1.96 and a debt-to-equity ratio of 6.22. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.05. The company’s fifty day moving average price is $2.56 and its 200-day moving average price is $2.65. The firm has a market cap of $102.48 million, a PE ratio of -2.66 and a beta of 2.60.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.96). Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. The firm had revenue of $146.44 million during the quarter, compared to the consensus estimate of $154.60 million. During the same period in the prior year, the firm posted ($0.06) EPS. On average, research analysts expect that Century Casinos will post -2.33 EPS for the current fiscal year.

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.