Codere Online Luxembourg, S.A. (NASDAQ:CDRO - Get Free Report) 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. Approximately 1.4% of the shares of the 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 Trading Down 3.3 %
Codere Online Luxembourg stock traded down $0.23 during mid-day trading on Tuesday, reaching $6.66. The company had a trading volume of 21,026 shares, compared to its average volume of 38,902. Codere Online Luxembourg has a 1 year low of $2.15 and a 1 year high of $8.09. The stock's 50-day simple moving average is $6.50 and its 200-day simple moving average is $4.40.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus increased their target price 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.
Get Our Latest Stock Analysis on Codere Online Luxembourg
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Codere Online Luxembourg stock. Renaissance Technologies LLC acquired a new position in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.
Codere Online Luxembourg Company Profile
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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.
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