Cazoo Group Ltd (NYSE:CZOO) Short Interest Update

Cazoo Group Ltd (NYSE:CZOO) saw a significant drop in short interest in the month of 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. Based on an average trading volume of 146,800 shares, the days-to-cover ratio is presently 6.1 days. Currently, 3.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On Cazoo Group

Several hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Cazoo Group by 11.9% during the second quarter. FMR LLC now owns 30,561,692 shares of the company’s stock worth $22,004,000 after acquiring an additional 3,251,677 shares in the last quarter. Pelham Capital Ltd. raised its stake in shares of Cazoo Group by 30.8% during the first quarter. Pelham Capital Ltd. now owns 7,849,724 shares of the company’s stock worth $21,665,000 after acquiring an additional 1,849,724 shares in the last quarter. UBS Group AG raised its stake in shares of Cazoo Group by 10,761.1% during the second quarter. UBS Group AG now owns 1,364,266 shares of the company’s stock worth $982,000 after acquiring an additional 1,351,705 shares in the last quarter. Citigroup Inc. raised its stake in shares of Cazoo Group by 203.1% during the first quarter. Citigroup Inc. now owns 1,729,111 shares of the company’s stock worth $4,773,000 after acquiring an additional 1,158,549 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Cazoo Group during the first quarter worth approximately $2,941,000. 46.30% of the stock is currently owned by institutional investors.

Cazoo Group Trading Up 16.0 %

Cazoo Group stock traded up $0.04 during mid-day trading on Friday, hitting $0.32. 383,049 shares of the company traded hands, compared to its average volume of 204,049. Cazoo Group has a one year low of $0.18 and a one year high of $6.88. The stock has a fifty day moving average price of $0.53 and a 200-day moving average price of $1.04.

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.