online casino operations manager(Image: Business Insider)Short interest across gaming stocks is trending higher since March, when many of the names in the group bottomed, and currently sits at .53 billion, according to S3 Partners data.02 billion of bearish positioning.harrah s casino wikipediaSeptember RainToday’s retrenchment notwithstanding, casino equities are performing well in September, erasing some of the profits notched by shorts targeting the sector.“With almost billion of short interest between the two stocks, if a sizable percentage of DKNG and PENN shorts fold, the bid-side price pressure will be significant and be a force in continuing this recent rally.77 percent for Penn.fanduel casino vip

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bicycle casino hotel phone numberBroadly speaking, gaming equities are profitable for short sellers this year, owing in large part to first-quarter slumps prompted by the coronavirus pandemic.Bearish traders are getting worried about exposure to DraftKings and Penn National Gaming.53 billion, according to S3 Partners data.gold coast casino las vegas reviews”One woman was grazed in the incident and taken to a hospital with a minor injury.02 billion of bearish positioning.island resort and casino escanaba mi

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wild rose casino in emmetsburg“The upward price moves will entice potential long shareholders to buy stock or build their positions, and creates a spiral of long buying pressure, forcing even more shorts out of the trade,” Dusanisky continued.While bearish traders remain steadfast in their views against some traditional gaming names, sports betting mania is forcing them to reduce exposure to DraftKings and Penn.“The roulette ball kept hitting double zero for Casino & Gaming short sellers in the month of September, with -2 million of net-of-financing mark-to-market losses in just half the month,” said Dusaniwsky.Later, she was released.This is one of several gun incidents at casinos on the Strip over the past few days.“PENN shorts have been reducing their bets since late May, buying to cover 11 million shares, a -44% decrease in shares shorted, as its stock price rose +115%,” the note continued.peppermill casino reviews