Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Short Interest Up 6.7% in September

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 390,000 shares, a growth of 6.7% from the September 15th total of 365,400 shares. Based on an average daily trading volume, of 45,600 shares, the short-interest ratio is presently 8.6 days. Approximately 2.7% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Craig Hallum assumed coverage on shares of Codere Online Luxembourg in a research report on Thursday, July 11th. They set a “buy” rating and a $10.00 target price on the stock.

Codere Online Luxembourg Trading Down 0.1 %

NASDAQ CDRO opened at $8.33 on Friday. The business’s 50-day moving average price is $8.02 and its 200 day moving average price is $7.67. Codere Online Luxembourg has a twelve month low of $2.68 and a twelve month high of $8.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Codere Online Luxembourg stock. Renaissance Technologies LLC boosted its stake in Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 98.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,801 shares of the company’s stock after purchasing an additional 39,601 shares during the quarter. Renaissance Technologies LLC owned about 0.18% of Codere Online Luxembourg worth $650,000 as of its most recent filing with the SEC. 10.30% of the stock is currently owned by institutional investors.

Codere Online Luxembourg Company Profile

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.