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

Ocado Group plc (OTCMKTS:OCDGF) was the recipient of a significant growth in short interest during the month of 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 short-interest ratio is currently 2,010.3 days. Based on an average daily volume of 4,433 shares, the short-interest ratio is currently 2,010.3 days.

Ocado Group Price Performance

Shares of OCDGF opened at $3.71 on Monday. Ocado Group has a twelve month low of $2.25 and a twelve month high of $4.84. The firm has a fifty day simple moving average of $1,402.86 and a two-hundred day simple moving average of $496.37.

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.