Ocado Group plc (OTCMKTS:OCDDY) Sees Large Drop in Short Interest

Ocado Group plc (OTCMKTS:OCDDY) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 100 shares, a decline of 96.9% from the September 15th total of 3,200 shares. Based on an average daily trading volume, of 53,200 shares, the short-interest ratio is currently 0.0 days.

Separately, Zacks Investment Research raised shares of Ocado Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 9th.

Shares of OTCMKTS:OCDDY traded up $1.88 during trading hours on Thursday, hitting $46.88. The company’s stock had a trading volume of 25,640 shares, compared to its average volume of 20,783. Ocado Group has a 52 week low of $42.57 and a 52 week high of $80.45. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of -104.18 and a beta of 1.73. The firm’s fifty day moving average price is $50.81 and its 200 day moving average price is $54.16.

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.

Featured Article: What’s a Black Swan?

Receive News & Ratings for Ocado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group and related companies with MarketBeat.com's FREE daily email newsletter.