Short Interest in Canterbury Park Holding Corporation (NASDAQ:CPHC) Rises By 107.8%

Canterbury Park Holding Corporation (NASDAQ:CPHC) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,241 shares, a growth of 107.8% from the June 15th total of 1,560 shares. Based on an average daily volume of 3,457 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are short sold.

Canterbury Park Stock Down 0.6%

CPHC traded down $0.10 during midday trading on Thursday, hitting $15.90. 1,265 shares of the company traded hands, compared to its average volume of 1,794. The company’s 50-day moving average is $15.84 and its 200 day moving average is $15.62. The firm has a market capitalization of $81.89 million, a PE ratio of -1,590.00 and a beta of -0.39. Canterbury Park has a 52 week low of $14.39 and a 52 week high of $18.99.

Canterbury Park (NASDAQ:CPHC) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $13.51 million for the quarter. Canterbury Park had a negative net margin of 0.10% and a negative return on equity of 0.07%.

Canterbury Park Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Canterbury Park’s payout ratio is currently -2,800.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Canterbury Park from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CPHC. Gamco Investors INC. ET AL grew its stake in shares of Canterbury Park by 0.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 375,393 shares of the company’s stock valued at $5,852,000 after acquiring an additional 2,000 shares during the period. Gabelli Funds LLC raised its stake in Canterbury Park by 0.8% during the 4th quarter. Gabelli Funds LLC now owns 195,000 shares of the company’s stock worth $3,003,000 after acquiring an additional 1,500 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Canterbury Park by 142.2% during the second quarter. Bank of America Corp DE now owns 2,616 shares of the company’s stock valued at $49,000 after purchasing an additional 1,536 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

About Canterbury Park

Canterbury Park Holding Corp. engages in hosting and managing pari mutuel wagering activities. It operates through the following business segments: Horse Racing, Card Casino, Food & Beverage and Development. The Horse Racing segment includes simulcast and live horse racing operations. The Card Casino segment holds unbanked card games, poker and table games. The Food and Beverage segment consists of concession stands, restaurant and buffet, bars, and other food venues. The Development segment owns land for racetrack operations.