Will Monarch Casino & Resort Incorporated (NASDAQ:MCRI) Run Out of Steam Soon? Short Interest is Up

September 17, 2017 - By Richard Conner

 Will Monarch Casino & Resort Incorporated (NASDAQ:MCRI) Run Out of Steam Soon? Short Interest is Up

Investors sentiment increased to 1.87 in Q4 2016. Its up 0.72, from 1.15 in 2016Q3. It increased, as 7 investors sold Monarch Casino & Resort, Inc. shares while 23 reduced holdings. 16 funds opened positions while 40 raised stakes. 9.55 million shares or 2.48% more from 9.32 million shares in 2016Q3 were reported.
Ubs Asset Mgmt Americas Inc invested 0% in Monarch Casino & Resort, Inc. (NASDAQ:MCRI). 118,850 were accumulated by Morgan Dempsey Management Ltd Liability Corp. Dimensional Fund Lp has invested 0% in Monarch Casino & Resort, Inc. (NASDAQ:MCRI). Wells Fargo & Com Mn reported 54,325 shares. Lafitte Capital Mgmt Lp owns 693,169 shares. Rhumbline Advisers holds 0% in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) or 15,871 shares. State Of Tennessee Treasury Department holds 8,091 shares or 0% of its portfolio. Comerica Comml Bank holds 0% or 9,897 shares. Us Bancshares De reported 29,723 shares or 0% of all its holdings. 20,589 are owned by Gsa Llp. Bancshares Of Montreal Can owns 1,065 shares for 0% of their portfolio. Legal And General Gp Public Limited Com owns 18,276 shares for 0% of their portfolio. Covalent Prtn Lc holds 1.82% or 189,919 shares in its portfolio. Metropolitan Life New York reported 7,871 shares. Tiaa Cref Management Limited Liability Corporation stated it has 0% of its portfolio in Monarch Casino & Resort, Inc. (NASDAQ:MCRI).

The stock of Monarch Casino & Resort Incorporated (NASDAQ:MCRI) registered an increase of 2.21% in short interest. MCRI’s total short interest was 461,500 shares in September as published by FINRA. Its up 2.21% from 451,500 shares, reported previously. With 28,900 shares average volume, it will take short sellers 16 days to cover their MCRI’s short positions. The short interest to Monarch Casino & Resort Incorporated’s float is 4.48%.

The stock increased 1.00% or $0.35 on September 15, reaching $35.23. About 116,554 shares traded or 199.62% up from the average. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has risen 53.31% since September 17, 2016 and is uptrending. It has outperformed by 36.61% the S&P500.

Monarch Casino & Resort, Inc. , through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The company has market cap of $618.94 million. The Firm also owns and operates Monarch Casino Black Hawk. It has a 23.92 P/E ratio. The Company’s divisions include Atlantis and Monarch Casino Black Hawk.

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Ratings Coverage

Among 2 analysts covering Monarch Casino & Resort (NASDAQ:MCRI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Monarch Casino & Resort had 2 analyst reports since December 8, 2015 according to SRatingsIntel. As per Tuesday, December 8, the company rating was initiated by Sidoti. On Friday, October 14 the stock rating was initiated by Gabelli with “Hold”.

More recent Monarch Casino & Resort, Inc. (NASDAQ:MCRI) news were published by: Seekingalpha.com which released: “Monarch Casinos & Resort – This Little Gem Still Calls Out ‘Buy Me’ Despite …” on August 24, 2017. Also Seekingalpha.com published the news titled: “Monarch Casino & Resort: A Good Company, A Decent Price, And A Bit Of Risk” on November 10, 2016. Seekingalpha.com‘s news article titled: “Monarch Casino & Resort: Execution Continues, But How Much Is Priced In?” with publication date: February 27, 2017 was also an interesting one.

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