2025.12.17
is running aces casino open(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 recently, we have seen short covering in the sector, with - million of net short covering executed over the last week.“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.downstream casino employmentBoyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos.He cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.That was a great trade for the bears that rode the stock down from or the high s to the March low of .the scarlet pearl casino borgata casino giveawaysadmiral casino eastbourneSurdoubledown casino slots free coinsprise ScenarioIn what can be described as surprising, the most-shorted gaming stock is Eldorado Stocks (NASDAQ:ERI).(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 .“There was +.lake tahoe casino sports bookBearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.40 billion stack of chips,” adds Dusaniwsky.They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.resorts world casino uk online casino no deposit bonus free chipfoxwoods online roulette”Dusaniwsky notes S3 covers 61 stocks in the casino and gaming sector, which have aggregate short interest of .Shares of Boyd trade at at this writing.“There was +.As a percentage of float sold short, ERI resides north of 39 percent, according to S3 data.Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers.Las Vegas reopening is just one reason to like Boyd Gaming stock.online gambling companies stocks casino table games texas holdem |