Short Interest in Century Casinos, Inc. (NASDAQ:CNTY) Grows By 178.3%

Century Casinos, Inc. (NASDAQ:CNTY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 141,400 shares, an increase of 178.3% from the February 28th total of 50,800 shares. Based on an average trading volume of 73,100 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.5% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CNTY shares. JMP Securities reissued a “market outperform” rating and set a $5.00 target price on shares of Century Casinos in a report on Monday, January 27th. StockNews.com lowered Century Casinos from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th. Macquarie lowered their price target on Century Casinos from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Finally, Stifel Nicolaus cut their price objective on Century Casinos from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Institutional Investors Weigh In On Century Casinos

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

Century Casinos Trading Down 6.6 %

Shares of CNTY opened at $1.71 on Friday. The firm’s fifty day moving average is $2.69 and its two-hundred day moving average is $3.07. The stock has a market cap of $52.47 million, a PE ratio of -0.70 and a beta of 2.71. The company has a quick ratio of 1.74, a current ratio of 1.79 and a debt-to-equity ratio of 6.58. Century Casinos has a 52-week low of $1.64 and a 52-week high of $5.09.

Century Casinos Company Profile

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.