Ocado Group (OTCMKTS:OCDDY) Shares Shorted: Short Interest Down 52.1% in September

Ocado Group (OTCMKTS:OCDDY) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,862 shares, a decline of 52.1% from the September 15th total of 12,229 shares. Based on an average daily volume of 18,912 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Ocado Group Trading Down 1.7%

OCDDY stock opened at $7.76 on Wednesday. The business has a fifty day moving average of $6.33 and a two-hundred day moving average of $5.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 1.36. Ocado Group has a 52-week low of $3.96 and a 52-week high of $8.01.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Ocado Group to a “strong-buy” rating in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Ocado Group Company Profile

Ocado Group plc is a United Kingdom-based technology company that develops systems for online grocery retail. Its business is centered on the Ocado Smart Platform, an end-to-end solution that combines e-commerce software, automated customer fulfillment centers, robotics, warehouse-management technology and delivery logistics.

The company provides grocery retailers with the technology and automation needed to operate online shopping services, including order processing, inventory management, warehouse automation and last-mile delivery capabilities.