Ocado Group plc (OTCMKTS:OCDGF) Sees Significant Growth in Short Interest

Ocado Group plc (OTCMKTS:OCDGF) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,392,900 shares, a growth of 19.2% from the November 30th total of 4,525,000 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is presently 3,595.3 days.

Ocado Group Price Performance

OTCMKTS OCDGF traded up $0.03 on Tuesday, reaching $3.64. 8,194 shares of the stock were exchanged, compared to its average volume of 2,585. Ocado Group has a one year low of $3.50 and a one year high of $9.43. The company’s 50-day simple moving average is $4.06 and its two-hundred day simple moving average is $4.43.

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.