Oatly Group AB (NASDAQ:OTLY) Sees Large Decline in Short Interest

Oatly Group AB (NASDAQ:OTLY) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,710,000 shares, a drop of 94.3% from the January 31st total of 30,130,000 shares. Based on an average trading volume of 214,100 shares, the days-to-cover ratio is presently 8.0 days. Currently, 6.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Barclays upped their target price on shares of Oatly Group from $1.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday.

Oatly Group Price Performance

Oatly Group stock opened at $9.61 on Friday. The business has a 50-day simple moving average of $11.88 and a 200 day simple moving average of $14.74. Oatly Group has a 52 week low of $6.00 and a 52 week high of $26.80. The stock has a market cap of $285.93 million, a price-to-earnings ratio of -1.41 and a beta of 1.96. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP bought a new stake in Oatly Group during the fourth quarter valued at approximately $41,000. Two Sigma Investments LP boosted its holdings in shares of Oatly Group by 279.6% in the 4th quarter. Two Sigma Investments LP now owns 144,348 shares of the company’s stock worth $96,000 after purchasing an additional 106,319 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Oatly Group during the 4th quarter valued at about $1,522,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Oatly Group by 63.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 193,608 shares of the company’s stock worth $128,000 after buying an additional 75,132 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Oatly Group by 52.5% in the 4th quarter. Jane Street Group LLC now owns 218,465 shares of the company’s stock worth $137,000 after buying an additional 75,209 shares during the last quarter. Hedge funds and other institutional investors own 68.15% of the company’s stock.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.