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

Century Casinos, Inc. (NASDAQ:CNTY - Get Free Report) saw a significant increase in short interest in the month of 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. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 73,100 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Century Casinos

Large investors have recently modified their holdings of the company. Empowered Funds LLC boosted its position in Century Casinos by 5.2% during the third quarter. Empowered Funds LLC now owns 75,727 shares of the company's stock valued at $194,000 after buying an additional 3,752 shares during the period. Renaissance Technologies LLC lifted its position in Century Casinos by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 170,949 shares of the company's stock valued at $554,000 after purchasing an additional 3,800 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Century Casinos by 1.9% during the third quarter. Geode Capital Management LLC now owns 283,618 shares of the company's stock valued at $726,000 after purchasing an additional 5,220 shares during the period. XTX Topco Ltd bought a new position in shares of Century Casinos in the fourth quarter worth approximately $51,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Century Casinos by 13.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company's stock worth $501,000 after buying an additional 17,815 shares during the period. 66.36% of the stock is owned by hedge funds and other institutional investors.

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Century Casinos Trading Down 1.2 %

Shares of CNTY opened at $1.69 on Tuesday. Century Casinos has a twelve month low of $1.64 and a twelve month high of $5.09. The stock has a market cap of $51.85 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. The business's 50-day moving average price is $2.66 and its 200-day moving average price is $3.08.

Analyst Upgrades and Downgrades

CNTY has been the subject of a number of research reports. Macquarie reduced their target price on shares of Century Casinos from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. JMP Securities reaffirmed a "market outperform" rating and set a $5.00 price objective on shares of Century Casinos in a report on Monday, January 27th. Stifel Nicolaus reduced their target price on shares of Century Casinos from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, StockNews.com cut shares of Century Casinos from a "hold" rating to a "sell" rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $5.50.

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.