Codere Online Luxembourg, S.A. (NASDAQ:CDRO - Get Free Report) saw a significant growth in short interest during 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. Currently, 2.7% of the company's shares are short sold. Based on an average trading volume of 45,600 shares, the days-to-cover ratio is presently 8.6 days.
Separately, Craig Hallum started coverage on Codere Online Luxembourg in a research report on Thursday, July 11th. They set a "buy" rating and a $10.00 price objective for the company.
View Our Latest Analysis on Codere Online Luxembourg
An institutional investor recently raised its position in Codere Online Luxembourg stock. Renaissance Technologies LLC increased its holdings in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO - Free Report) by 98.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,801 shares of the company's stock after purchasing an additional 39,601 shares during the period. Renaissance Technologies LLC owned approximately 0.18% of Codere Online Luxembourg worth $650,000 at the end of the most recent quarter. Institutional investors own 10.30% of the company's stock.
NASDAQ CDRO traded up $0.09 during trading hours on Wednesday, hitting $8.34. 92,737 shares of the company's stock were exchanged, compared to its average volume of 41,373. The stock has a 50-day simple moving average of $8.01 and a 200 day simple moving average of $7.67. Codere Online Luxembourg has a 1-year low of $2.68 and a 1-year high of $8.76.
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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