Ocado Group (OTCMKTS:OCDDY) Sees Significant Drop in Short Interest

Ocado Group (OTCMKTS:OCDDY) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,992 shares, a decline of 66.0% from the September 30th total of 5,862 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 15,150 shares, the short-interest ratio is presently 0.1 days.

Ocado Group Price Performance

OCDDY stock opened at $8.60 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.36 and a current ratio of 1.41. Ocado Group has a 52-week low of $3.96 and a 52-week high of $9.44. The stock’s 50 day moving average is $6.85 and its two-hundred day moving average is $5.87.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded Ocado Group to a “strong-buy” rating in a report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock presently has a consensus 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 and logistics. Its business is centered on the Ocado Smart Platform, an end-to-end technology solution designed to support online grocery operations, including customer ordering, automated warehouse fulfillment, inventory management and delivery logistics.

The company provides grocery retailers with automated customer fulfillment centers, robotics, software and associated services.