Top Casino Short-Squeeze Plays

Another casino stock with a heavy short interest is Pinnacle Entertainment (PNK Quote - Cramer on PNK - Stock Picks), with a short ratio of 11.4. The company owns and operates casinos in Louisiana, Indiana, Missouri and Nevada. It also operates the Casino Magic group of casinos in the Patagonia region of Argentina and The Casino at Emerald Bay in the Bahamas. The stock was upgraded last week by Lehman Brothers from equal-weight to overweight. The stock has a forward P/E ratio of 33 and a PEG ratio of 4.

Pinnacle shows up in the portfolio of the FBR Small Cap Fund, a five-star Morningstar-rated fund managed by Charles Akre. The fund also holds shares of American Tower (AMT Quote - Cramer on AMT - Stock Picks), with a short ratio of 4.5, CarMax (KMX Quote - Cramer on KMX - Stock Picks), with a short ratio of 21, and Pool Corp. (POOL Quote - Cramer on POOL - Stock Picks), with a 14.5 short ratio.

Scientific Games (SGMS Quote - Cramer on SGMS - Stock Picks) has a short ratio of 9. This manufacturer of gaming-related technology equipment last Friday posted better-than-expected adjusted first-quarter earnings. The company's CEO, A. Lorne Weil, plans to step down at the end of the year to be replaced by Intelstat chairman Joseph Wright. The stock has a P/E ratio of 41 and a PEG ratio of 1.2.

Scientific Games is favored by buyout tycoon Ron Perelman, who recently increased his position. Perelman also owns Revlon (REV Quote - Cramer on REV - Stock Picks), with a P/E ratio of 20, and M&F Worldwide (MFW Quote - Cramer on MFW - Stock Picks), with a 9 short ratio.

To see the entire list, check out the Top Casino Short-Squeeze Plays at Stockpickr.com.

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