jamul casino new years eve 2020Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.Boyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos.(Image: KXNT Radio)In a note to clients Tuesday, Nomura Instinet analyst Harry Curtis reiterated a “buy” rating on the Orleans operator, while boosting his price target on the stock to from .twin river casino wikiBearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.But they have been covering a portion of their shorts over the last week with million of net buy-to-covers executed.Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers.choctaw casino 4th of july 2020

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casino orlandod also open as soon as this weekend.Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers.“DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure.downstream casino valet40 billion stack of chips,” adds Dusaniwsky.Short sellers have lately begun trimming their exposure in the sector, after having shorted the sector heavily during the stay-at-home policies brought about by the Covid-19 pandemic,” said S3 Partners Managing Director Ihor Dusaniwsky in a note obtained by Casino.But recently, we have seen short covering in the sector, with - million of net short covering executed over the last week.mgm grand hotel y casino

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aliante casino hotel roomsThey are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.”Other companies with sports betting exposure, including Churchill Downs and Boyd Gaming, are experiencing short covering, though the catalyst with Boyd may be more about the company’s Louisiana and Mississippi venues reopening last month, and nine of its 12 Las Vegas properties slated to do so on Thursday.He cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.Boyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos.Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.Messing With FireBelieve it or not, bearish traders sunk their teeth into DraftKings, a stock that’s more than doubled since its April 24 initial public offering (IPO).hollywood casino 800 number