Short Interest Update on Penn National Gaming (PENN)

Penn National Gaming (PENN) : The traders have covered their outstanding shorts in Penn National Gaming (PENN) to the tune of -49,967 shares, a change of -0.7%. As on Jul 29, 2016, the outstanding shorts on the stock were 7,326,823 shares, however, by August 15, 2016, the shorts had reduced to 7,276,856 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 9.8% of the free float of the stock. It takes 7 days to cover the outstanding short positions. The stock has an average daily volume of 1,040,653 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Penn National Gaming (NASDAQ:PENN): The stock opened at $14.88 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.00 for the day. The stock traded down to $14.60 during the day, due to lack of any buying support eventually closed down at $14.63 with a loss of -1.88% for the day. The stock had closed at $14.91 on the previous day. The total traded volume was 796,732 shares.


In a related news, Naples Ronald J, director of Penn National Gaming Inc had purchased 1,000 shares on May 24, 2016 in a transaction. The price per share was $14.68 and the total amount of the disclosed transaction was $14,680.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Penn National Gaming, Inc. is an owner and manager of gaming and pari-mutuel properties. The Companys segments include the East/Midwest segment, the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino Tunica, Boomtown Biloxi, Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino, Inc. is a subsidiary of the Company.

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