Ocado Group plc (OTCMKTS:OCDDY) Short Interest Up 461.1% in December

Ocado Group plc (OTCMKTS:OCDDY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 10,100 shares, an increase of 461.1% from the December 15th total of 1,800 shares. Based on an average daily volume of 61,900 shares, the days-to-cover ratio is presently 0.2 days.

Shares of Ocado Group stock traded down $0.12 during trading hours on Friday, hitting $42.13. The company’s stock had a trading volume of 33,513 shares, compared to its average volume of 34,627. The business has a fifty day moving average of $45.60 and a 200 day moving average of $49.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.00 and a quick ratio of 3.86. Ocado Group has a 1-year low of $41.74 and a 1-year high of $80.45.

Separately, Zacks Investment Research raised Ocado Group from a “sell” rating to a “hold” rating in a report on Saturday, December 11th.

Ocado Group Company Profile

Ocado Group Plc engages in the operation of online grocery supermarket. It operates through the following segments: Retail, UK Solutions & Logistics, and International Solutions. The Retail segment provides online grocery and general merchandise offerings to customers within the UK. The UK Solutions & Logistics segment reflects contracts with the Ocado Retail joint venture and Morrisons, inclusive of both solutions contracts and service agreements with Ocado Logistics for the provision of third party logistics and other services.

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