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mohegan sun casino ownerDuring that time, DraftKings and Boyd were two of the four biggest problems for short sellers.Las Vegas reopening is just one reason to like Boyd Gaming stock.Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.brian christopher slots most recentorg.But recently, we have seen short covering in the sector, with - million of net short covering executed over the last week.They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.santa ana casino bernalillo new mexico river spirit casino cabanaonline casino jackpotWith stay-at- home directives now largely lifted, a slew of regional casinos open, and Nevada gaming properties joining the fun on June 4, being bearish on gaming stocks carries immense near-term risk.“DraftKings (DKNG) saw the largest change in short seller sentiment, with short selling turning into short covering by the end of the May,” said Dusaniwsky.(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 .owner of golden nugget casino lake charlesAs a percentage of float sold short, the next closest casino operator is Penn National Gaming (NASDAQ: PENN) at 21 percent.“Over the last week, Casino & Gaming short sellers gave back a quarter of their mark-to-market profits, losing -8 million of their +.(Image: Reuters)With shelter-in-place policies and casino shutdowns the orders of the day starting in March, shorting gaming equities became one of 2020’s easiest and most profitable trades…until it wasn’t.casino near me for 18 soaring eagle casino employee handbooksam s town casino kansas city16 billion, 95 percent of whicblack bear casino blackjackh is devoted to the 10 most-shorted names.There is some data suggesting short sellers in gaming stocks got a little too greedy.As a percentage of float sold short, ERI resides north of 39 percent, according to S3 data.He cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.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.owner of winstar world casino cashman casino post |