Short Interest Update on Caesars Entertainment Corporation (CZR)

Caesars Entertainment Corporation (CZR) : The bears are holding on to their shorts in Accenture Plc with 13 more days remaining for them to cover their positions. The bearish positions have increased from 12,230,470 on Jul 29, 2016, to 13,632,383, on August 15, 2016. Daily, 1,088,376 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 1,401,913 shares, which is an increase of just 11.5%. The total short interest of 27.2% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Caesars Entertainment Corporation (NASDAQ:CZR): The stock opened at $7.60 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.76 for the day. The stock traded down to $7.53 during the day, due to lack of any buying support eventually closed down at $7.60 with a loss of -0.78% for the day. The stock had closed at $7.66 on the previous day. The total traded volume was 539,106 shares.


In a related news, Loveman Gary W, director officer (Chairman) of Caesars Entertainment Corp, unloaded 24,000 shares at an average price of $7.76 on August 17, 2016. The total amount of the transaction was worth $186,240, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Caesars Entertainment Corporation (Caesars) is a holding and casino-entertainment and hospitality services company. The Companys facilities include gaming offerings, food and beverage outlets, hotel and convention space, and non-gaming entertainment options. Its business operations include Caesars Entertainment Resort Properties; Caesars Growth Partners Casino Properties and Developments; Caesars Interactive Entertainment and Caesars Entertainment Operating Company. In addition to brick and mortar assets, it operates an online gaming business that provides social and mobile offerings. Its subsidiaries include Caesars Entertainment Resort Properties, LLC, Caesars Growth Partners, LLC, Caesars Entertainment Operating Company, Inc. and Caesars Enterprise Services, LLC. It operates under the Harrahs, Caesars and Horseshoe brand names. Through its consolidated entities it owned and operated or managed over 49 casinos in approximately 14 states of the United States and over five countries.

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