Cazoo Group Ltd (NYSE:CZOO – Get Free Report) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 891,100 shares, a drop of 8.4% from the October 15th total of 973,300 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily volume of 146,800 shares, the short-interest ratio is currently 6.1 days.
Hedge Funds Weigh In On Cazoo Group
A number of hedge funds have recently made changes to their positions in CZOO. Cowen AND Company LLC bought a new stake in shares of Cazoo Group in the 3rd quarter worth about $27,000. JPMorgan Chase & Co. increased its position in shares of Cazoo Group by 270.4% in 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 during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Cazoo Group in the 1st quarter worth about $42,000. Renaissance Technologies LLC increased its position in shares of Cazoo Group by 102.8% in the 4th quarter. Renaissance Technologies LLC now owns 648,076 shares of the company’s stock worth $102,000 after purchasing an additional 328,500 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Cazoo Group by 13.5% in the 4th quarter. Bank of America Corp DE now owns 1,161,438 shares of the company’s stock worth $181,000 after purchasing an additional 138,208 shares during the last quarter. Institutional investors and hedge funds own 46.30% of the company’s stock.
Cazoo Group Stock Up 16.0 %
NYSE CZOO traded up $0.04 during mid-day trading on Friday, reaching $0.32. 383,049 shares of the stock were exchanged, compared to its average volume of 204,049. Cazoo Group has a 1-year low of $0.18 and a 1-year high of $6.88. The business’s fifty day simple moving average is $0.53 and its 200 day simple moving average is $1.04.
Cazoo Group Company Profile
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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