Ocado Group plc (OTCMKTS:OCDGF) Sees Large Growth in Short Interest

Ocado Group plc (OTCMKTS:OCDGF) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 5,392,900 shares, a growth of 19.2% from the November 30th total of 4,525,000 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 3,595.3 days.

Ocado Group Stock Performance

Shares of OTCMKTS OCDGF traded up $0.03 during trading on Tuesday, reaching $3.64. 8,194 shares of the company traded hands, compared to its average volume of 2,585. The firm has a 50 day simple moving average of $4.06 and a 200-day simple moving average of $4.43. Ocado Group has a 52-week low of $3.50 and a 52-week high of $9.43.

Ocado Group Company Profile

Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.