Short Interest in Ocado Group plc (OTCMKTS:OCDGF) Expands By 30.3%

Ocado Group plc (OTCMKTS:OCDGF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 8,911,516 shares, a growth of 30.3% from the December 15th total of 6,840,924 shares. Based on an average daily volume of 4,433 shares, the days-to-cover ratio is currently 2,010.3 days. Based on an average daily volume of 4,433 shares, the days-to-cover ratio is currently 2,010.3 days.

Ocado Group Stock Down 2.1%

Ocado Group stock opened at $3.71 on Friday. The firm’s fifty day moving average price is $1,402.86 and its two-hundred day moving average price is $492.92. Ocado Group has a 1-year low of $2.25 and a 1-year high of $4.84.

Ocado Group Company Profile

Ocado Group (OTCMKTS:OCDGF) is a UK-based technology-driven online grocery retailer and solutions provider. The company operates Ocado.com, an e-commerce grocery business offering a full range of fresh and ambient food products directly to consumers. Alongside its retail operations, Ocado Group has developed a suite of proprietary software and automation technologies—ranging from warehouse robotics and artificial intelligence to dynamic routing and order fulfillment systems—which it licenses to international retail partners under the Ocado Smart Platform.

Founded in 2000 by three former Goldman Sachs bankers, Ocado Group initially disrupted the UK grocery market with its home-delivery model.