Ocado Group (OTCMKTS:OCDDY) Shares Shorted: Short Interest Down 66.0% in October

Ocado Group (OTCMKTS:OCDDY) saw a large decline in short interest in 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. Based on an average trading volume of 15,150 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Ocado Group Stock Down 3.1%

Shares of OTCMKTS OCDDY opened at $8.60 on Thursday. Ocado Group has a one year low of $3.96 and a one year high of $9.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.36 and a current ratio of 1.41. The business has a 50-day moving average price of $6.85 and a two-hundred day moving average price of $5.87.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Ocado Group to a “strong-buy” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company currently 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.