Short Interest in Oatly Group AB (NASDAQ:OTLY) Drops By 94.3%

Oatly Group AB (NASDAQ:OTLY) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,710,000 shares, a decline of 94.3% from the January 31st total of 30,130,000 shares. Based on an average daily volume of 214,100 shares, the days-to-cover ratio is currently 8.0 days. Approximately 6.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Oatly Group Price Performance

Oatly Group stock traded up $1.03 during trading on Friday, reaching $10.64. The company had a trading volume of 676,703 shares, compared to its average volume of 303,392. The firm’s 50-day simple moving average is $11.85 and its 200 day simple moving average is $14.69. Oatly Group has a 1-year low of $6.00 and a 1-year high of $26.80. The firm has a market capitalization of $316.57 million, a PE ratio of -1.56 and a beta of 1.96. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56.

Institutional Investors Weigh In On Oatly Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Portolan Capital Management LLC boosted its stake in Oatly Group by 66.8% during the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company’s stock worth $5,247,000 after purchasing an additional 3,169,805 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Oatly Group by 19.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock worth $6,746,000 after purchasing an additional 1,292,592 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Oatly Group by 4.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock worth $6,580,000 after purchasing an additional 358,978 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Oatly Group during the 4th quarter worth $1,522,000. Finally, GSA Capital Partners LLP boosted its stake in Oatly Group by 3.6% during the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock worth $1,935,000 after purchasing an additional 78,831 shares during the last quarter. Institutional investors and hedge funds own 68.15% of the company’s stock.

Oatly Group Company Profile

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.