Short Interest in Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Decreases By 6.3%

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 379,300 shares, a decrease of 6.3% from the October 15th total of 404,800 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 52,100 shares, the short-interest ratio is presently 7.3 days.

Institutional Investors Weigh In On Codere Online Luxembourg

An institutional investor recently raised its position in Codere Online Luxembourg stock. Renaissance Technologies LLC lifted its stake in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 98.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission. Institutional investors own 10.30% of the company’s stock.

Codere Online Luxembourg Stock Performance

Codere Online Luxembourg stock traded down $0.07 during mid-day trading on Monday, reaching $7.83. The company’s stock had a trading volume of 23,219 shares, compared to its average volume of 42,588. Codere Online Luxembourg has a twelve month low of $2.90 and a twelve month high of $8.76. The business has a 50 day moving average price of $8.05 and a 200-day moving average price of $7.80.

About Codere Online Luxembourg

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.