Ocado Group plc (OTCMKTS:OCDDY – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 73,000 shares, a drop of 35.2% from the May 31st total of 112,700 shares. Based on an average trading volume of 62,100 shares, the days-to-cover ratio is currently 1.2 days.
Ocado Group Stock Down 0.3 %
OCDDY traded down $0.02 during trading on Friday, reaching $7.21. The stock had a trading volume of 25,535 shares, compared to its average volume of 53,644. The business has a 50-day moving average of $8.89 and a 200-day moving average of $12.24. Ocado Group has a one year low of $7.02 and a one year high of $25.45.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein raised shares of Ocado Group to a “strong-buy” rating in a research note on Friday, June 14th.
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.
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