Short Interest in Ocado Group plc (OTCMKTS:OCDGF) Expands By 22.6%

Ocado Group plc (OTCMKTS:OCDGF) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 10,189,772 shares, an increase of 22.6% from the January 15th total of 8,313,207 shares. Based on an average daily volume of 307 shares, the short-interest ratio is presently 33,191.4 days. Based on an average daily volume of 307 shares, the short-interest ratio is presently 33,191.4 days.

Ocado Group Stock Performance

OCDGF opened at $2.98 on Wednesday. Ocado Group has a one year low of $2.25 and a one year high of $4.84. The business’s 50-day simple moving average is $3.24 and its 200-day simple moving average is $496.30.

Ocado Group Company Profile

Ocado Group (OTCMKTS:OCDGF) is a UK-based technology-driven online grocery retailer and solutions provider. The company operates Ocado.com, an e-commerce grocery business offering a full range of fresh and ambient food products directly to consumers. Alongside its retail operations, Ocado Group has developed a suite of proprietary software and automation technologies—ranging from warehouse robotics and artificial intelligence to dynamic routing and order fulfillment systems—which it licenses to international retail partners under the Ocado Smart Platform.

Founded in 2000 by three former Goldman Sachs bankers, Ocado Group initially disrupted the UK grocery market with its home-delivery model.