Nevada Gold & Casinos (NYSEAMERICAN:UWN) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 51,400 shares, an increase of 61.6% from the April 30th total of 31,800 shares. Based on an average daily volume of 73,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s stock are short sold.
Shares of NYSEAMERICAN UWN opened at $2.54 on Wednesday. Nevada Gold & Casinos has a 1-year low of $1.80 and a 1-year high of $2.60.
A number of hedge funds and other institutional investors have recently made changes to their positions in UWN. BlackRock Inc. lifted its position in Nevada Gold & Casinos by 7.7% during the 4th quarter. BlackRock Inc. now owns 60,001 shares of the company’s stock worth $143,000 after buying an additional 4,289 shares in the last quarter. Northern Trust Corp lifted its position in Nevada Gold & Casinos by 73.8% during the 4th quarter. Northern Trust Corp now owns 20,987 shares of the company’s stock worth $50,000 after buying an additional 8,912 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Nevada Gold & Casinos during the 1st quarter worth about $124,000. S. Muoio & CO. LLC lifted its position in Nevada Gold & Casinos by 300.0% during the 1st quarter. S. Muoio & CO. LLC now owns 200,000 shares of the company’s stock worth $498,000 after buying an additional 150,000 shares in the last quarter. Finally, Arbor Wealth Management LLC bought a new stake in Nevada Gold & Casinos during the 4th quarter worth about $867,000.
Nevada Gold & Casinos, Inc, a gaming company, finances, develops, owns, and operates gaming properties and projects. It operates in three segments: Washington, South Dakota, and Nevada. The company owns and operates nine mini-casinos under the Crazy Moose Casinos, Coyote Bob's Casino, Silver Dollar Casinos, Club Hollywood Casino, Royal Casino, and Red Dragon Casino names in the Washington state; and a slot machine route operation in Deadwood, South Dakota.
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