Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Short Interest Update

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 207,300 shares, a drop of 7.3% from the March 15th total of 223,600 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 41,000 shares, the short-interest ratio is presently 5.1 days.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their price target on Codere Online Luxembourg from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, March 1st.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Codere Online Luxembourg stock. Renaissance Technologies LLC acquired a new stake in Codere Online Luxembourg, S.A. (NASDAQ:CDRO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,814 shares of the company’s stock, valued at approximately $57,000. 10.30% of the stock is currently owned by institutional investors and hedge funds.

Codere Online Luxembourg Trading Down 3.3 %

Shares of CDRO traded down $0.23 during mid-day trading on Tuesday, reaching $6.66. The company’s stock had a trading volume of 20,878 shares, compared to its average volume of 38,900. Codere Online Luxembourg has a 12-month low of $2.15 and a 12-month high of $8.09. The company’s 50 day moving average is $6.45 and its 200 day moving average is $4.37.

About Codere Online Luxembourg

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.