coushatta casino poker room(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.But the stock has since posted a six fold gain.Shares of Boyd trade at at this writing.little river casino resort manisteeWith 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 short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure.There is some data suggesting short sellers in gaming stocks got a little too greedy.9 masks of fire free slots casino

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cache creek casino twitterThey are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.Betting on BoydFrom June 1 through June 4, Boyd will reLas Vegas reopening is just one reason to like Boyd Gaming stock.no deposit bonus thebes casinoBearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.Some traders are flirting with trouble with short positions in gaming stocks.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).thunder valley casino app

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casino dealerDuriroyal ace casino mobile downloadng the COVID crisis, we have recommended that investors in US Gaming BUY two stocks ahead of regional casinos’ reopening, BYD and PENN,” said the Instinet analyst.That was a great trade for the bears that rode the stock down from or the high s to the March low of .Betting on BoydFrom June 1 through June 4, Boyd will reDuring that time, DraftKings and Boyd were two of the four biggest problems for short sellers.Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.Surroyal ace casino mobile downloadprise ScenarioIn what can be described as surprising, the most-shorted gaming stock is Eldorado Stocks (NASDAQ:ERI).intertops casino.com