Century Casinos, Inc. (NASDAQ:CNTY) Sees Large Increase in Short Interest

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. Based on an average daily volume of 114,340 shares, the short-interest ratio is currently 1.7 days. Approximately 0.8% of the company’s shares are short sold.

Century Casinos Stock Down 0.8%

Shares of CNTY stock opened at $1.26 on Tuesday. The firm has a market cap of $35.46 million, a price-to-earnings ratio of -0.65 and a beta of 1.68. Century Casinos has a 12 month low of $1.14 and a 12 month high of $2.80. The stock has a 50-day moving average price of $1.24 and a 200 day moving average price of $1.37.

Century Casinos (NASDAQ:CNTY) last released its earnings results on Friday, August 7th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.06). The business had revenue of $152.00 million for the quarter, compared to analyst estimates of $153.87 million. Century Casinos had a negative return on equity of 3,789.52% and a negative net margin of 9.62%. Sell-side analysts predict that Century Casinos will post -1.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Century Casinos from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.00.

Institutional Investors Weigh In On Century Casinos

A number of hedge funds have recently modified their holdings of the business. Rice Hall James & Associates LLC bought a new stake in Century Casinos in the 2nd quarter valued at approximately $2,094,000. Veradace Capital Management LLC bought a new position in Century Casinos during the 4th quarter worth $2,076,000. BlackRock Inc. bought a new stake in shares of Century Casinos during the 2nd quarter valued at $617,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Century Casinos in the 4th quarter valued at $508,000. Finally, Renaissance Technologies LLC grew its stake in shares of Century Casinos by 58.5% during the fourth quarter. Renaissance Technologies LLC now owns 287,849 shares of the company’s stock worth $383,000 after buying an additional 106,200 shares during the last quarter. Institutional investors and hedge funds own 66.36% of the company’s stock.

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.