Ocado Group (OTCMKTS:OCDDY) Shares Shorted: Short Interest Down 52.1% in September

Ocado Group (OTCMKTS:OCDDY) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,862 shares, a decline of 52.1% from the September 15th total of 12,229 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 18,912 shares, the short-interest ratio is currently 0.3 days.

Ocado Group Trading Down 1.7%

OTCMKTS:OCDDY opened at $7.76 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average price of $6.33 and a 200 day moving average price of $5.56. Ocado Group has a fifty-two week low of $3.96 and a fifty-two week high of $8.01.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised shares of Ocado Group to a “strong-buy” rating in a research report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Ocado Group presently has an average rating of “Strong Buy”.

About Ocado Group

Ocado Group plc is a United Kingdom-based technology company that develops systems for online grocery retail. Its business is centered on the Ocado Smart Platform, an end-to-end solution that combines e-commerce software, automated customer fulfillment centers, robotics, warehouse-management technology and delivery logistics.

The company provides grocery retailers with the technology and automation needed to operate online shopping services, including order processing, inventory management, warehouse automation and last-mile delivery capabilities.