free slots bar x“Over the last week, Casino & Gaming short sellers gave back a quarter of their mark-to-market profits, losing -8 million of their +.As a percentage of float sold short, the next closest casino operator is Penn National Gaming (NASDAQ: PENN) at 21 percent.There is some data suggesting short sellers in gaming stocks got a little too greedy.blackjack casino movieBearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.“PENN” refers to Penn National Gaming (NASDAQ:PENN), a name that Curtis reaffirmed a “buy” rating on last week with a significant, upward price forecast revision.With 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.john taylor twin river casino

seneca niagara casino owner

online casino real cash“Over the last week, Casino & Gaming short sellers gave back a quarter of their mark-to-market profits, losing -8 million of their +.But the stock has since posted a six fold gain.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.jamul casino logod also open as soon as this weekend.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.He cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.golden nugget casino golden nugget

black bear casino vaccine

online casino real money louisiana“DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure.They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.”Dusaniwsky notes S3 covers 61 stocks in the casino and gaming sector, which have aggregate short interest of .(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 .(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.“Over the last week, Casino & Gaming short sellers gave back a quarter of their mark-to-market profits, losing -8 million of their +.viejas casino fireworks 2021