Oatly Group (NASDAQ:OTLY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Oatly Group AB (NASDAQ:OTLY) saw an uptick in trading volume on Wednesday . 241,178 shares changed hands during trading, an increase of 14% from the previous session’s volume of 212,146 shares.The stock last traded at $9.90 and had previously closed at $8.68.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on Oatly Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th.

Oatly Group Stock Performance

The firm has a market cap of $236.51 million, a price-to-earnings ratio of -1.17 and a beta of 1.96. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The stock’s 50 day moving average is $12.38 and its 200 day moving average is $15.07.

Hedge Funds Weigh In On Oatly Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Privium Fund Management B.V. bought a new stake in Oatly Group in the 3rd quarter valued at $60,000. GSA Capital Partners LLP lifted its holdings in shares of Oatly Group by 3.6% during the third quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company’s stock worth $1,935,000 after buying an additional 78,831 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Oatly Group by 19.6% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company’s stock valued at $6,746,000 after acquiring an additional 1,292,592 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Oatly Group by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company’s stock valued at $6,580,000 after acquiring an additional 358,978 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Oatly Group during the third quarter worth about $98,000. 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.