bicycle casino indoorBut recently, we have seen short covering in the sector, with - million of net short covering executed over the last week.There is some data suggesting short sellers in gaming stocks got a little too greedy.org.soaring eagle casino cyber questWith 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.As a percentage of float sold short, the next closest casino operator is Penn National Gaming (NASDAQ: PENN) at 21 percent.casino slot you tube

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soaring eagle casino rv parkBearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.”Other companies with sports betting exposure, including Churchill Downs and Boyd Gaming, are experiencing short covering, though the catalyst with Boyd may be more about the company’s Louisiana and Mississippi venues reopening last month, and nine of its 12 Las Vegas properties slated to do so on Thursday.lucky creek casino review“DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure.In dollar terms, that’s nearly 0 billion.“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.mgm casino vegas

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seneca niagara casino front desk“There was +.(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.org.Some traders are flirting with trouble with short positions in gaming stocks.d also open as soon as this weekend.oxford casino from here