Ocado Group (OTCMKTS:OCDDY – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,992 shares, a decline of 66.0% from the September 30th total of 5,862 shares. Based on an average daily trading volume, of 15,150 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.
Analyst Ratings Changes
Separately, Berenberg Bank upgraded Ocado Group to a “strong-buy” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.
Check Out Our Latest Research Report on OCDDY
Ocado Group Price Performance
OTCMKTS:OCDDY opened at $8.64 on Friday. Ocado Group has a 1-year low of $3.96 and a 1-year high of $9.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.41 and a quick ratio of 1.36. The firm has a fifty day simple moving average of $6.90 and a 200 day simple moving average of $5.88.
Ocado Group Company Profile
Ocado Group plc is a United Kingdom-based technology company that develops systems for online grocery retail and logistics. Its business is centered on the Ocado Smart Platform, an end-to-end technology solution designed to support online grocery operations, including customer ordering, automated warehouse fulfillment, inventory management and delivery logistics.
The company provides grocery retailers with automated customer fulfillment centers, robotics, software and associated services.
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