Century Casinos, Inc. (NASDAQ:CNTY) Sees Significant Drop in Short Interest

Century Casinos, Inc. (NASDAQ:CNTY) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 14,163 shares, a drop of 82.2% from the January 29th total of 79,659 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 42,963 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 42,963 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Century Casinos

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNTY. Legato Capital Management LLC acquired a new position in Century Casinos during the fourth quarter valued at approximately $25,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Century Casinos in the third quarter worth $26,000. Franklin Resources Inc. bought a new stake in shares of Century Casinos during the 3rd quarter worth $34,000. XTX Topco Ltd acquired a new position in Century Casinos in the 2nd quarter valued at $51,000. Finally, NewEdge Advisors LLC acquired a new position in Century Casinos in the 3rd quarter valued at $117,000. 66.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Century Casinos in a report on Monday, December 29th. Stifel Nicolaus cut their price target on Century Casinos from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Four analysts have 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.67.

Century Casinos Trading Up 1.3%

Shares of NASDAQ:CNTY opened at $1.62 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.39 and a debt-to-equity ratio of 83.68. The stock has a market capitalization of $47.69 million, a PE ratio of -0.46 and a beta of 1.95. Century Casinos has a 1 year low of $1.23 and a 1 year high of $2.98. The firm has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.93.

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.