Short Interest in Ocado Group plc (OTCMKTS:OCDDY) Expands By 19.4%

In January, Ocado Group plc (OTCMKTS:OCDDY - Get Free Report) experienced a significant rise in short interest. By January 31st, the total short interest reached 79,900 shares, marking an increase of 19.4% from the 66,900 shares reported on January 15th. With an average daily trading volume of 35,300 shares, the days-to-cover ratio stands at 2.3 days.

Ocado Group Stock Performance

On Friday, shares of Ocado Group traded up by 1.2%, adding $0.10 to reach a price of $7.99. The trading volume for the day was 1,897 shares, which is lower than the average volume of 13,963 shares. Over the past year, Ocado Group's stock has fluctuated, hitting a low of $6.52 and a high of $14.07. Moving averages indicate a fifty-day average of $7.63 and a two-hundred-day average of $8.62. The company shows a current ratio of 2.35, a quick ratio of 2.13, and a debt-to-equity ratio of 1.39.

About Ocado Group

Ocado Group plc operates as an online grocery retailer not only in the United Kingdom but also globally through its subsidiaries. It operates in three main segments: Technology Solutions, Ocado Logistics, and Ocado Retail. The company provides online grocery shopping, general merchandise, and offers customer fulfillment centers along with logistics services.

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Ocado, Stocks, Investment