Ocado Group plc (OTCMKTS:OCDGF) Short Interest Down 22.3% in October

Ocado Group plc (OTCMKTS:OCDGF) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 4,385,400 shares, a decline of 22.3% from the September 30th total of 5,641,500 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 1,754.2 days.

Ocado Group Stock Performance

Shares of OCDGF stock traded up $0.03 during trading hours on Tuesday, reaching $4.53. 8,577 shares of the company’s stock were exchanged, compared to its average volume of 2,772. Ocado Group has a fifty-two week low of $3.52 and a fifty-two week high of $10.04. The stock’s 50 day moving average is $4.71 and its 200-day moving average is $4.59.

Ocado Group Company Profile

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.