Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Sees Significant Decrease in Short Interest

Posted by James Nelson on Apr 16th, 2024

Codere Online Luxembourg, S.A. (NASDAQ:CDRO – Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 207,300 shares, a decrease of 7.3% from the March 15th total of 223,600 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 41,000 shares, the short-interest ratio is currently 5.1 days.

Codere Online Luxembourg Price Performance

NASDAQ CDRO traded down $0.23 during trading on Tuesday, reaching $6.66. The company’s stock had a trading volume of 21,026 shares, compared to its average volume of 38,902. The firm has a fifty day moving average of $6.50 and a 200 day moving average of $4.40. Codere Online Luxembourg has a one year low of $2.15 and a one year high of $8.09.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on Codere Online Luxembourg

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Codere Online Luxembourg stock. Walleye Capital LLC purchased a new stake in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,470 shares of the company’s stock, valued at approximately $41,000. Hedge funds and other institutional investors own 10.30% of the company’s stock.

Codere Online Luxembourg Company Profile

(Get Free Report)

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.