Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Up 256.5% in February

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CNTY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Century Casinos in a report on Monday, December 29th. Stifel Nicolaus lowered their target price on Century Casinos from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3.67.

Institutional Investors Weigh In On Century Casinos

Large investors have recently made changes to their positions in the company. Veradace Capital Management LLC bought a new stake in shares of Century Casinos during the fourth quarter valued at approximately $2,076,000. XTX Topco Ltd boosted its holdings in Century Casinos by 149.9% in the fourth quarter. XTX Topco Ltd now owns 39,859 shares of the company’s stock valued at $53,000 after acquiring an additional 23,909 shares during the last quarter. Rice Hall James & Associates LLC increased its position in Century Casinos by 0.6% in the fourth quarter. Rice Hall James & Associates LLC now owns 1,484,642 shares of the company’s stock worth $1,975,000 after purchasing an additional 9,041 shares during the period. Renaissance Technologies LLC raised its holdings in Century Casinos by 58.5% during the 4th quarter. Renaissance Technologies LLC now owns 287,849 shares of the company’s stock worth $383,000 after purchasing an additional 106,200 shares during the last quarter. Finally, Fidelity National Financial Inc. lifted its position in Century Casinos by 16.4% during the 4th quarter. Fidelity National Financial Inc. now owns 187,500 shares of the company’s stock valued at $249,000 after purchasing an additional 26,396 shares during the period. Institutional investors own 66.36% of the company’s stock.

Century Casinos Stock Performance

Shares of NASDAQ:CNTY traded up $0.06 during trading on Thursday, reaching $1.51. The stock had a trading volume of 15,162 shares, compared to its average volume of 55,787. The stock has a fifty day simple moving average of $1.56 and a two-hundred day simple moving average of $1.87. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 83.68. Century Casinos has a 52 week low of $1.23 and a 52 week high of $2.85. The firm has a market capitalization of $44.31 million, a price-to-earnings ratio of -0.43 and a beta of 1.90.

Century Casinos Company Profile

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.