Cazoo Group Ltd (NYSE:CZOO – Get Free Report) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 48,200 shares, a growth of 588.6% from the January 15th total of 7,000 shares. Based on an average trading volume of 51,200 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.0% of the company’s stock are sold short.
Institutional Trading of Cazoo Group
Several hedge funds have recently made changes to their positions in CZOO. Cowen AND Company LLC acquired a new position in Cazoo Group during the third quarter worth $27,000. JPMorgan Chase & Co. boosted its position in shares of Cazoo Group by 270.4% during the 1st quarter. JPMorgan Chase & Co. now owns 12,689 shares of the company’s stock worth $32,000 after purchasing an additional 9,263 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Cazoo Group during the 1st quarter worth $42,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Cazoo Group in the 2nd quarter valued at about $47,000. Finally, Royal Bank of Canada lifted its stake in shares of Cazoo Group by 2,930.8% in the first quarter. Royal Bank of Canada now owns 18,094 shares of the company’s stock valued at $50,000 after purchasing an additional 17,497 shares during the period. Institutional investors and hedge funds own 46.30% of the company’s stock.
Cazoo Group Stock Performance
Shares of NYSE:CZOO opened at $5.10 on Tuesday. The firm has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $3.65. Cazoo Group has a twelve month low of $3.72 and a twelve month high of $350.00.
About Cazoo Group
Cazoo Group Ltd operates as an online car retailer in the United Kingdom and rest of Europe. It allows consumers to purchase, finance, and subscribe to a car through online for delivery or collection. Cazoo Group Ltd was founded in 2018 and is headquartered in London, the United Kingdom. Cazoo Group Ltd is a subsidiary of Cazoo Holdings Limited.
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