Canterbury Park Holding Corporation (NASDAQ:CPHC) Sees Significant Decrease in Short Interest

Canterbury Park Holding Corporation (NASDAQ:CPHC) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,383 shares, a decline of 69.4% from the May 14th total of 4,527 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,396 shares, the days-to-cover ratio is presently 0.6 days.

Canterbury Park Stock Up 0.7%

Canterbury Park stock traded up $0.11 during trading hours on Friday, reaching $15.89. 3,037 shares of the company’s stock were exchanged, compared to its average volume of 1,518. The firm’s 50 day simple moving average is $15.72 and its 200 day simple moving average is $15.51. Canterbury Park has a twelve month low of $14.39 and a twelve month high of $21.61. The firm has a market capitalization of $81.83 million, a PE ratio of -1,589.00 and a beta of -0.39.

Canterbury Park (NASDAQ:CPHC) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter. Canterbury Park had a negative return on equity of 0.07% and a negative net margin of 0.10%.The firm had revenue of $13.51 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL increased its position in shares of Canterbury Park by 0.5% during the first quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company’s stock worth $5,852,000 after acquiring an additional 2,000 shares in the last quarter. Bank of America Corp DE boosted its stake in Canterbury Park by 142.2% during the 2nd quarter. Bank of America Corp DE now owns 2,616 shares of the company’s stock valued at $49,000 after purchasing an additional 1,536 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in Canterbury Park by 0.8% during the 4th quarter. Gabelli Funds LLC now owns 195,000 shares of the company’s stock valued at $3,003,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Canterbury Park from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Canterbury Park

Canterbury Park Holding Corp. engages in hosting and managing pari mutuel wagering activities. It operates through the following business segments: Horse Racing, Card Casino, Food & Beverage and Development. The Horse Racing segment includes simulcast and live horse racing operations. The Card Casino segment holds unbanked card games, poker and table games. The Food and Beverage segment consists of concession stands, restaurant and buffet, bars, and other food venues. The Development segment owns land for racetrack operations.