Short Interest in Eldorado Resorts Inc. (ERI) Grows By 234.6%
Eldorado Resorts Inc. (NASDAQ:ERI) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,216,652 shares, a growth of 234.6% from the September 15th total of 961,482 shares. Based on an average daily volume of 951,442 shares, the days-to-cover ratio is currently 3.4 days. Approximately 14.6% of the shares of the stock are sold short.
ERI has been the topic of several research analyst reports. Imperial Capital boosted their target price on shares of Eldorado Resorts from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. SunTrust Banks Inc. initiated coverage on shares of Eldorado Resorts in a report on Friday, August 19th. They issued a “buy” rating and a $17.00 target price on the stock.
Eldorado Resorts (NASDAQ:ERI) opened at 13.85 on Thursday. Eldorado Resorts has a 12-month low of $8.47 and a 12-month high of $15.60. The stock has a 50 day moving average of $14.17 and a 200 day moving average of $13.95. The stock has a market cap of $651.99 million, a P/E ratio of 5.07 and a beta of 0.84.
Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.15. Eldorado Resorts had a return on equity of 52.56% and a net margin of 15.34%. The business earned $231.30 million during the quarter, compared to analyst estimates of $234.56 million. On average, equities research analysts anticipate that Eldorado Resorts will post $0.74 earnings per share for the current fiscal year.
About Eldorado Resorts
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