Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Down 25.6% in January

Century Casinos, Inc. (NASDAQ:CNTY) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 81,011 shares, a decrease of 25.6% from the December 31st total of 108,906 shares. Based on an average daily volume of 122,178 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 122,178 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Ratings Changes

A number of analysts recently commented on CNTY shares. Stifel Nicolaus decreased their price objective on shares of Century Casinos from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Century Casinos in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.67.

Institutional Trading of Century Casinos

A number of hedge funds have recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new position in Century Casinos in the 3rd quarter valued at $26,000. Franklin Resources Inc. acquired a new stake in shares of Century Casinos during the third quarter worth $34,000. XTX Topco Ltd purchased a new stake in shares of Century Casinos in the second quarter valued at $51,000. NewEdge Advisors LLC acquired a new position in Century Casinos in the third quarter valued at $117,000. Finally, Squarepoint Ops LLC increased its stake in Century Casinos by 18.5% in the third quarter. Squarepoint Ops LLC now owns 75,635 shares of the company’s stock valued at $197,000 after purchasing an additional 11,793 shares during the last quarter. Institutional investors and hedge funds own 66.36% of the company’s stock.

Century Casinos Price Performance

Century Casinos stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.51. 34,492 shares of the company were exchanged, compared to its average volume of 78,267. Century Casinos has a 12-month low of $1.23 and a 12-month high of $3.26. The company has a market capitalization of $44.31 million, a P/E ratio of -0.43 and a beta of 1.95. The business’s 50 day simple moving average is $1.47 and its two-hundred day simple moving average is $2.02. The company has a debt-to-equity ratio of 83.68, a current ratio of 1.44 and a quick ratio of 1.39.

Century Casinos (NASDAQ:CNTY) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). The company had revenue of $153.72 million for the quarter, compared to analyst estimates of $165.70 million. Century Casinos had a negative net margin of 18.92% and a negative return on equity of 165.48%. Analysts forecast that Century Casinos will post -2.66 earnings per share for the current fiscal year.

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.