Ocado Group plc (OTCMKTS:OCDGF) Short Interest Down 44.9% in April

Ocado Group plc (OTCMKTS:OCDGF) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 6,918,016 shares, a decrease of 44.9% from the March 31st total of 12,554,650 shares. Based on an average daily trading volume, of 946 shares, the days-to-cover ratio is presently 7,312.9 days.

Ocado Group Stock Performance

OTCMKTS:OCDGF opened at $2.81 on Tuesday. The company has a fifty day moving average of $2.65 and a 200 day moving average of $495.82. Ocado Group has a 52 week low of $2.25 and a 52 week high of $4.84.

About Ocado Group

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.