Short Interest in Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Decreases By 33.0%

Codere Online Luxembourg, S.A. (NASDAQ:CDRO – Get Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 102,100 shares, a decrease of 33.0% from the March 31st total of 152,400 shares. Based on an average trading volume of 17,600 shares, the short-interest ratio is currently 5.8 days. Currently, 0.7% of the shares of the stock are sold short.

CDRO has been the topic of several analyst reports. Noble Financial initiated coverage on shares of Codere Online Luxembourg in a research note on Tuesday, February 22nd. They set an “outperform” rating and a $10.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Codere Online Luxembourg in a research note on Tuesday, January 4th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Stifel Europe initiated coverage on shares of Codere Online Luxembourg in a research note on Tuesday, January 4th. They set a “buy” rating on the stock.

Codere Online Luxembourg stock opened at $4.77 on Friday. The business’s 50-day moving average price is $4.96. Codere Online Luxembourg has a 12-month low of $4.15 and a 12-month high of $10.08.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of Codere Online Luxembourg in the fourth quarter worth approximately $94,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Codere Online Luxembourg in the fourth quarter worth approximately $120,000. Castle Creek Arbitrage LLC acquired a new stake in shares of Codere Online Luxembourg in the fourth quarter worth approximately $305,000. Exchange Traded Concepts LLC acquired a new stake in shares of Codere Online Luxembourg in the first quarter worth approximately $409,000. Finally, Blair William & Co. IL acquired a new stake in shares of Codere Online Luxembourg in the fourth quarter worth approximately $779,000. 65.73% of the stock is currently owned by institutional investors and hedge funds.

Codere Online Luxembourg Company Profile (Get Rating)

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting operator in Latin America. The company also offers online casino wagering services. It operates in Spain, Italy, Mexico, Colombia, and Panama. The company is based in Luxembourg, Luxembourg.

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