U.S. gaming operators saw average short interest rise 47 basis points between July 14 and July 31, reaching 6.28% of outstanding shares.
Caesars Entertainment Corp. posted the largest rise in short interest relative to shares outstanding among SNL-covered gaming operators between July 14 and July 31.
The company saw short interest rise 222 basis points to 23.06% of shares outstanding at the end of the period. The company also topped the list of most shorted gaming operators during the period.
Red Rock Resorts Inc. took the top spot on the list of gaming operators with the largest drops in short interest in the second half of July. The company saw short interest drop 90 basis points to 5.43% of shares outstanding at the end of the period.
