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

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

Ocado Group Stock Performance

OTCMKTS OCDDY remained flat at $7.93 on Friday. The company’s stock had a trading volume of 13,198 shares, compared to its average volume of 9,300. The firm has a 50-day simple moving average of $6.42 and a 200 day simple moving average of $5.60. 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 1 year low of $3.96 and a 1 year high of $8.07.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of Ocado Group to a “strong-buy” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company currently 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.