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

Century Casinos, Inc. (NASDAQ:CNTY) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 50,492 shares, a growth of 256.5% from the February 12th total of 14,163 shares. Based on an average daily volume of 36,912 shares, the short-interest ratio is currently 1.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 36,912 shares, the short-interest ratio is currently 1.4 days.

Century Casinos Stock Performance

Shares of CNTY opened at $1.50 on Wednesday. The company has a debt-to-equity ratio of 83.68, a quick ratio of 1.39 and a current ratio of 1.44. The stock has a market capitalization of $44.16 million, a P/E ratio of -0.42 and a beta of 1.90. The company’s fifty day moving average is $1.55 and its two-hundred day moving average is $1.87. Century Casinos has a 1 year low of $1.23 and a 1 year high of $2.85.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Century Casinos by 35.8% in the first quarter. Goldman Sachs Group Inc. now owns 117,594 shares of the company’s stock valued at $199,000 after purchasing an additional 30,998 shares during the period. XTX Topco Ltd purchased a new position in shares of Century Casinos during the 2nd quarter worth approximately $51,000. AWM Investment Company Inc. raised its stake in shares of Century Casinos by 6.4% during the 2nd quarter. AWM Investment Company Inc. now owns 2,195,549 shares of the company’s stock worth $4,644,000 after buying an additional 132,745 shares in the last quarter. Mink Brook Asset Management LLC lifted its holdings in shares of Century Casinos by 13.3% in the 2nd quarter. Mink Brook Asset Management LLC now owns 136,001 shares of the company’s stock valued at $288,000 after buying an additional 16,004 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Century Casinos by 12.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 87,591 shares of the company’s stock valued at $229,000 after buying an additional 9,654 shares during the period. 66.36% of the stock is owned by hedge funds and other institutional investors.

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.