Oatly Group AB (NASDAQ:OTLY) Short Interest Down 94.3% in February

Oatly Group AB (NASDAQ:OTLY) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,710,000 shares, a decrease of 94.3% from the January 31st total of 30,130,000 shares. Based on an average daily trading volume, of 214,100 shares, the days-to-cover ratio is presently 8.0 days. Approximately 6.1% of the company’s stock are sold short.

Oatly Group Stock Performance

OTLY traded up $1.53 on Thursday, reaching $9.61. The company had a trading volume of 944,509 shares, compared to its average volume of 293,524. The company’s fifty day moving average is $11.93 and its 200 day moving average is $14.77. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56. The stock has a market cap of $285.93 million, a P/E ratio of -1.41 and a beta of 1.96. Oatly Group has a fifty-two week low of $6.00 and a fifty-two week high of $26.80.

Hedge Funds Weigh In On Oatly Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its holdings in shares of Oatly Group by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock worth $48,000 after buying an additional 14,116 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Oatly Group by 60.6% during the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after acquiring an additional 21,387 shares during the period. Rhumbline Advisers raised its stake in Oatly Group by 76.1% in the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after purchasing an additional 27,428 shares in the last quarter. Green Alpha Advisors LLC grew its stake in Oatly Group by 5.9% during the fourth quarter. Green Alpha Advisors LLC now owns 686,776 shares of the company’s stock worth $455,000 after buying an additional 38,363 shares in the last quarter. Finally, Performa Ltd US LLC lifted its holdings in shares of Oatly Group by 36.8% during the 4th quarter. Performa Ltd US LLC now owns 145,000 shares of the company’s stock worth $96,000 after acquiring an additional 39,000 shares during the period. Institutional investors and hedge funds own 68.15% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays upped their price target on shares of Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.