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

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

Oatly Group Trading Up 18.9 %

NASDAQ:OTLY opened at $9.61 on Friday. The firm has a market capitalization of $285.93 million, a P/E ratio of -1.41 and a beta of 1.96. Oatly Group has a 52 week low of $6.00 and a 52 week high of $26.80. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average of $11.88 and a 200 day moving average of $14.74.

Hedge Funds Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in Oatly Group by 60.6% during the 4th quarter. Van ECK Associates Corp now owns 56,689 shares of the company’s stock valued at $38,000 after purchasing an additional 21,387 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Oatly Group during the fourth quarter valued at approximately $41,000. Rhumbline Advisers raised its holdings in shares of Oatly Group by 76.1% during the fourth quarter. Rhumbline Advisers now owns 63,477 shares of the company’s stock valued at $42,000 after acquiring an additional 27,428 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Oatly Group by 33.9% in the third quarter. Sanctuary Advisors LLC now owns 55,778 shares of the company’s stock worth $48,000 after acquiring an additional 14,116 shares during the period. Finally, Privium Fund Management B.V. bought a new stake in Oatly Group in the third quarter valued at $60,000. 68.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.