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

Century Casinos, Inc. (NASDAQ:CNTY) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 198,097 shares, a growth of 93.1% from the July 30th total of 102,576 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 114,340 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Century Casinos

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC bought a new position in Century Casinos during the second quarter worth about $2,094,000. Hsbc Holdings PLC acquired a new position in Century Casinos in the second quarter valued at about $45,000. Brigade Capital Management LP acquired a new position in Century Casinos in the second quarter valued at about $150,000. JB Capital Partners LP bought a new stake in shares of Century Casinos in the second quarter worth about $49,002. Finally, BlackRock Inc. bought a new stake in shares of Century Casinos in the second quarter worth about $617,000. 66.36% of the stock is owned by institutional investors.

Century Casinos Trading Down 2.8%

Shares of NASDAQ:CNTY traded down $0.04 during mid-day trading on Monday, reaching $1.23. The stock had a trading volume of 9,221 shares, compared to its average volume of 66,964. The firm has a market cap of $34.74 million, a PE ratio of -0.64 and a beta of 1.68. The firm has a 50 day simple moving average of $1.25 and a two-hundred day simple moving average of $1.37. Century Casinos has a twelve month low of $1.14 and a twelve month high of $2.80.

Century Casinos (NASDAQ:CNTY) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.06). The firm had revenue of $152.00 million for the quarter, compared to the consensus estimate of $153.87 million. Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.62%. On average, equities analysts anticipate that Century Casinos will post -1.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.