Significant Rise in Short Interest for Ocado Group plc (OTCMKTS:OCDDY)

Ocado Group plc (OTCMKTS:OCDDY - Get Free Report) experienced a notable increase in short interest during January. As of January 31st, the total short interest reached 79,900 shares, marking a rise of 19.4% from the 66,900 shares recorded on January 15th. With an average daily trading volume of 35,300 shares, the current days-to-cover ratio stands at 2.3 days.

Ocado Group Stock Performance

On Friday, shares of OCDDY saw an increase of 1.2%, gaining $0.10 to reach $7.99. The trading volume for the day was 1,897 shares, significantly lower than the average volume of 13,963. Over the past year, Ocado Group's stock has fluctuated between a low of $6.52 and a high of $14.07. The company's fifty-day moving average is currently at $7.63, while the 200-day moving average is $8.62. Financially, Ocado has a current ratio of 2.35, a quick ratio of 2.13, and a debt-to-equity ratio of 1.39.

About Ocado Group

Ocado Group plc, along with its subsidiaries, operates as an online grocery retailer primarily in the United Kingdom and in various international markets. The business is divided into three main segments: Technology Solutions, Ocado Logistics, and Ocado Retail. Through these segments, Ocado provides online grocery services, general merchandise, and logistics and fulfillment services to cater to its customers' needs.

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This article was created using advanced technology and financial data to ensure timely reporting. The content has been reviewed for accuracy prior to publication.

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