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

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) saw a significant 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 trading volume, of 41,000 shares, the short-interest ratio is presently 5.1 days.

Codere Online Luxembourg Price Performance

NASDAQ CDRO traded down $0.23 during trading on Tuesday, hitting $6.66. 20,878 shares of the company traded hands, 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 business has a fifty day simple moving average of $6.45 and a 200 day simple moving average of $4.37.

Hedge Funds Weigh In On Codere Online Luxembourg

A hedge fund recently bought a new stake in Codere Online Luxembourg stock. Walleye Capital LLC bought a new stake in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,470 shares of the company’s stock, valued at approximately $41,000. Institutional investors and hedge funds own 10.30% of the company’s stock.

Analyst Ratings Changes

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

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.