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

Codere Online Luxembourg, S.A. (NASDAQ:CDRO – Get Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 85,300 shares, a drop of 16.5% from the April 15th total of 102,100 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 5.9 days.

Shares of NASDAQ:CDRO opened at $2.97 on Tuesday. Codere Online Luxembourg has a 12 month low of $2.90 and a 12 month high of $10.08. The stock’s fifty day moving average is $4.73.

Separately, Noble Financial started coverage on shares of Codere Online Luxembourg in a report on Tuesday, February 22nd. They issued an “outperform” rating and a $10.00 target price on the stock.

Several large investors have recently modified their holdings of the stock. Mmbg Investment Advisors CO. acquired a new stake in shares of Codere Online Luxembourg during the first quarter worth $87,000. Exchange Traded Concepts LLC acquired a new stake in Codere Online Luxembourg in the 1st quarter valued at $409,000. Millennium Management LLC acquired a new stake in Codere Online Luxembourg in the 4th quarter valued at $3,371,000. Castle Creek Arbitrage LLC acquired a new stake in Codere Online Luxembourg in the 4th quarter valued at $305,000. Finally, Citadel Advisors LLC acquired a new stake in Codere Online Luxembourg in the 4th quarter valued at $94,000.

About Codere Online Luxembourg (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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