Codere Online Luxembourg, S.A. (NASDAQ:CDROW) Stock Short Interest Declines 46.2%

Codere Online Luxembourg, S.A. (NASDAQ:CDROW) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 4,564 shares, a decrease of 46.2% from the September 30th total of 8,488 shares. Based on an average daily trading volume, of 18,365 shares, the short-interest ratio is currently 0.2 days.

Codere Online Luxembourg Price Performance

Shares of CDROW stock remained flat at $0.10 during trading hours on Monday. The stock had a trading volume of 200 shares, compared to its average volume of 14,117. The stock’s 50-day moving average price is $0.40 and its 200-day moving average price is $0.66. Codere Online Luxembourg has a 12-month low of $0.05 and a 12-month high of $0.98.

About Codere Online Luxembourg

Codere Online Luxembourg SA is an online gaming company that operates under the Codere brand. The company offers internet-based sports betting and casino gaming through websites and mobile applications, providing customers with access to betting markets on major sporting events and a range of online casino products.

Codere Online developed from the digital gaming operations of Codere Group, a multinational gaming company with a history in retail betting and gaming. The online business began expanding in Spanish-speaking markets during the 2010s and became a publicly traded company in the United States in 2021 through a business combination with a special purpose acquisition company.

The company primarily serves customers in regulated markets across Latin America and Europe, including Spain, Mexico, Colombia and Argentina, with its available products and operations subject to local licensing requirements.