Short Interest in Century Casinos, Inc. (NASDAQ:CNTY) Declines By 32.2%

Century Casinos, Inc. (NASDAQ:CNTY) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 95,900 shares, a decrease of 32.2% from the March 15th total of 141,400 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 86,000 shares, the short-interest ratio is presently 1.1 days.

Century Casinos Stock Up 1.5 %

Century Casinos stock opened at $1.34 on Friday. The stock has a fifty day moving average of $2.21 and a 200 day moving average of $2.97. Century Casinos has a one year low of $1.30 and a one year high of $5.09. The company has a debt-to-equity ratio of 6.58, a quick ratio of 1.74 and a current ratio of 1.79. The stock has a market cap of $41.12 million, a PE ratio of -0.55 and a beta of 2.51.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CNTY. StockNews.com raised Century Casinos from a “sell” rating to a “hold” rating in a research note on Friday, April 11th. Macquarie reduced their price objective on shares of Century Casinos from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus lowered their target price on Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $5.00 price target on shares of Century Casinos in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Institutional Trading of Century Casinos

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of Century Casinos in the fourth quarter worth $51,000. Raymond James Financial Inc. purchased a new stake in shares of Century Casinos during the 4th quarter valued at $74,000. Marshall Wace LLP acquired a new position in Century Casinos during the 4th quarter valued at about $85,000. Wealthedge Investment Advisors LLC purchased a new stake in shares of Century Casinos during the fourth quarter worth about $112,000. Finally, JB Capital Partners LP acquired a new position in Century Casinos during the 4th quarter valued at approximately $124,000. 66.36% of the stock is currently owned by institutional investors.

About Century Casinos

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.