Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Short Interest Down 7.3% in March

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) was the recipient of a significant 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 company 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 Stock Down 3.3 %

Shares of CDRO stock traded down $0.23 on Tuesday, reaching $6.66. The company had a trading volume of 21,026 shares, compared to its average volume of 38,902. The business’s 50-day moving average is $6.50 and its 200 day moving average is $4.40. Codere Online Luxembourg has a one year low of $2.15 and a one year high of $8.09.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Codere Online Luxembourg

An institutional investor recently bought a new position in Codere Online Luxembourg stock. Walleye Capital LLC purchased a new position in shares of 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 (SEC). The fund purchased 14,470 shares of the company’s stock, valued at approximately $41,000. 10.30% of the stock is owned by institutional investors and hedge funds.

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.