winstar world casino dallasCount Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers.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.boomtown casino musicSurroyal ace casino mobile downloadprise ScenarioIn what can be described as surprising, the most-shorted gaming stock is Eldorado Stocks (NASDAQ:ERI).“DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure.“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.holland casino online poker review

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choctaw casino directionsThere is some data suggesting short sellers in gaming stocks got a little too greedy.“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.”Dusaniwsky notes S3 covers 61 stocks in the casino and gaming sector, which have aggregate short interest of .play poker online casino10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month.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.Boyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos.table games edmonton casino

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new brian christopher slotsDuriroyal 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.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 .Recently, Curtis is consistently endorsing regional gaming equities, a thesis that’s bearing fruit as casinos in the Midwest and South come back online following the coronavirus shutdown that spanned roughly two months.Duriroyal 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.Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.casino hotel new jersey