Caesars Entertainment Corp (CZR) Sees Large Increase in Short Interest

Caesars Entertainment Corp (NASDAQ:CZR) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 18,456,601 shares, an increase of 6.0% from the March 15th total of 17,415,949 shares. Based on an average daily trading volume, of 896,287 shares, the short-interest ratio is presently 20.6 days.

Caesars Entertainment Corp (NASDAQ:CZR) traded down 0.52% during trading on Thursday, reaching $9.50. 438,331 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $9.45 and its 200-day moving average is $8.37. Caesars Entertainment Corp has a 12-month low of $5.39 and a 12-month high of $10.84. The company’s market cap is $1.40 billion.

Caesars Entertainment Corp (NASDAQ:CZR) last released its earnings results on Tuesday, February 14th. The company reported ($3.88) earnings per share for the quarter, missing the consensus estimate of ($0.37) by $3.51. Caesars Entertainment Corp had a negative return on equity of 818.18% and a negative net margin of 68.93%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.39 billion. Analysts predict that Caesars Entertainment Corp will post ($16.90) EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Partners Group Holding AG purchased a new stake in Caesars Entertainment Corp during the fourth quarter valued at $11,647,000. Metropolitan Life Insurance Co. NY increased its stake in Caesars Entertainment Corp by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,008 shares of the company’s stock valued at $298,000 after buying an additional 280 shares during the last quarter. Paulson & CO. Inc. purchased a new stake in Caesars Entertainment Corp during the fourth quarter valued at $122,552,000. Two Sigma Investments LP increased its stake in Caesars Entertainment Corp by 16.9% in the fourth quarter. Two Sigma Investments LP now owns 889,827 shares of the company’s stock valued at $7,564,000 after buying an additional 128,701 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in Caesars Entertainment Corp during the fourth quarter valued at $113,000. Hedge funds and other institutional investors own 65.00% of the company’s stock.

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Caesars Entertainment Corp Company Profile

Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options.

5 Day Chart for NASDAQ:CZR

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