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

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 338,100 shares, a growth of 12.7% from the June 15th total of 300,100 shares. Based on an average trading volume of 34,800 shares, the short-interest ratio is currently 9.7 days. Currently, 2.3% of the company’s shares are sold short.

Codere Online Luxembourg Trading Down 0.9 %

Shares of Codere Online Luxembourg stock traded down $0.07 during trading hours on Wednesday, reaching $8.13. The stock had a trading volume of 7,167 shares, compared to its average volume of 36,846. The stock’s 50 day moving average is $7.60 and its 200 day moving average is $6.38. Codere Online Luxembourg has a twelve month low of $2.68 and a twelve month high of $8.50.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Codere Online Luxembourg from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Craig Hallum assumed coverage on shares of Codere Online Luxembourg in a report on Thursday, July 11th. They issued a “buy” rating and a $10.00 price target on the stock.

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.