Short Interest in Cazoo Group Ltd (NYSE:CZOO) Increases By 588.6%

Cazoo Group Ltd (NYSE:CZOOGet 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

(Get Free Report)

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.

Further Reading

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