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

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

Ocado Group Stock Performance

OCDGF traded up $0.04 during trading on Friday, hitting $4.51. 1,612 shares of the company traded hands, compared to its average volume of 2,721. The stock’s 50-day simple moving average is $4.71 and its two-hundred day simple moving average is $4.59. Ocado Group has a 1 year low of $3.52 and a 1 year high of $10.04.

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.