Century Casinos, Inc. (NASDAQ:CNTY) Short Interest Up 178.3% in March

Century Casinos, Inc. (NASDAQ:CNTY) saw a significant increase in short interest in 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. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 73,100 shares, the short-interest ratio is currently 1.9 days.

Analyst Ratings Changes

Several analysts have weighed in on CNTY shares. JMP Securities reissued a “market outperform” rating and set a $5.00 price objective on shares of Century Casinos in a report on Monday, January 27th. StockNews.com downgraded shares of Century Casinos from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th. Stifel Nicolaus dropped their price objective on Century Casinos from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, Macquarie reduced their price target on Century Casinos from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. One 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 has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of 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 last quarter. Renaissance Technologies LLC raised its stake in shares of Century Casinos by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 170,949 shares of the company’s stock worth $554,000 after purchasing an additional 3,800 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Century Casinos by 1.9% in 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 in the last quarter. XTX Topco Ltd bought a new position in shares of Century Casinos in the fourth quarter valued at approximately $51,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Century Casinos by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 154,918 shares of the company’s stock valued at $501,000 after buying an additional 17,815 shares during the last quarter. Institutional investors own 66.36% of the company’s stock.

Century Casinos Trading Down 1.6 %

Shares of Century Casinos stock traded down $0.03 on Friday, hitting $1.80. 5,255 shares of the company’s stock traded hands, compared to its average volume of 113,570. The company has a debt-to-equity ratio of 6.58, a current ratio of 1.79 and a quick ratio of 1.74. The company has a fifty day moving average of $2.71 and a two-hundred day moving average of $3.08. The company has a market capitalization of $55.23 million, a price-to-earnings ratio of -0.74 and a beta of 2.71. Century Casinos has a one year low of $1.64 and a one year high of $5.09.

About Century Casinos

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.