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

Ocado Group plc (OTCMKTS:OCDDY) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 67,400 shares, a decline of 15.6% from the January 31st total of 79,900 shares. Based on an average trading volume of 13,100 shares, the short-interest ratio is presently 5.1 days.

Ocado Group Stock Down 6.2 %

Shares of Ocado Group stock traded down $0.39 during trading on Wednesday, reaching $5.94. 18,213 shares of the company were exchanged, compared to its average volume of 11,326. The business has a 50-day moving average price of $7.56 and a 200-day moving average price of $8.40. The company has a quick ratio of 2.13, a current ratio of 2.35 and a debt-to-equity ratio of 1.39. Ocado Group has a twelve month low of $5.79 and a twelve month high of $12.54.

About Ocado Group

Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.