Ocado Group plc (OTCMKTS:OCDGF) Sees Large Increase in Short Interest

Ocado Group plc (OTCMKTS:OCDGF) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,242,800 shares, an increase of 21.5% from the January 15th total of 5,139,000 shares. Based on an average daily trading volume, of 20,400 shares, the short-interest ratio is presently 306.0 days.

Ocado Group Price Performance

OTCMKTS OCDGF remained flat at $3.97 during midday trading on Friday. The stock’s fifty day simple moving average is $3.81 and its 200 day simple moving average is $4.29. Ocado Group has a fifty-two week low of $3.40 and a fifty-two week high of $7.00.

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.