admiral casino mk(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.Boyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos.As a percentage of float sold short, the next closest casino operator is Penn National Gaming (NASDAQ: PENN) at 21 percent.online slots that pay real money usaThey are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.“DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure.Boyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos.wild vegas casino no deposit bonus codes 2021

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online casino oceanCount Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers.“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.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.online gambling explainedRegardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.He cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.”Dusaniwsky notes S3 covers 61 stocks in the casino and gaming sector, which have aggregate short interest of .free casino slots no download bonus rounds

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coushatta casino downloadShares of Boyd trade at at this writing.That was a great trade for the bears that rode the stock down from or the high s to the March low of .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.Boyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos.Some traders are flirting with trouble with short positions in gaming stocks.40 billion stack of chips,” adds Dusaniwsky.black bear casino events calendar