Short Interest in Ocado Group plc (OTCMKTS:OCDDY) Sees Significant Rise

Ocado Group plc (OTCMKTS:OCDDY - Get Free Report) has recently experienced a notable increase in short interest during January. According to the latest data, by January 31st, short interest in the company rose to a total of 79,900 shares, marking a substantial rise of 19.4% compared to the previous total of 66,900 shares recorded on January 15th. With an average daily trading volume of 35,300 shares, the current days-to-cover ratio stands at 2.3 days.

Ocado Group Shares Experience a 1.2% Increase

On the trading front, shares of Ocado Group saw a modest increase of 1.2% on the last trading day, reaching a price of $7.99. During this period, the trading volume amounted to 1,897 shares, which is significantly lower than the average volume of 13,963 shares. Over the past year, the share price has seen a low of $6.52 and a high of $14.07. Currently, the company’s fifty-day moving average is reported at $7.63 while the two-hundred-day moving average is at $8.62. Financial metrics indicate a current ratio of 2.35, a quick ratio of 2.13, and a debt-to-equity ratio of 1.39.

Profile of Ocado Group

Ocado Group plc operates primarily as an online grocery retailer, serving the UK and international markets through its various subsidiaries. The company is structured into three main segments: Technology Solutions, Ocado Logistics, and Ocado Retail. Its business model encompasses online grocery sales alongside general merchandise, as well as managing customer fulfillment centers and providing logistics services.

Investment Considerations

Before making any investment decisions regarding Ocado Group, it is crucial to review its current stock ratings. Presently, analysts have classified the stock with a "Sell" rating. However, there are recommendations for five alternative stocks that are being favored by top analysts in the current market.

Further Insights

This report on Ocado Group’s increasing short interest and trading performance is based on analytical reviews and market data to provide an up-to-date assessment for readers and investors.

Ocado, Stocks, Investment