Oatly Group AB (NASDAQ:OTLY) Short Interest Update

Oatly Group AB (NASDAQ:OTLY - Get Free Report) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,710,000 shares, a decline of 94.3% from the January 31st total of 30,130,000 shares. Based on an average trading volume of 214,100 shares, the short-interest ratio is presently 8.0 days. Currently, 6.1% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their target price on Oatly Group from $1.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th.

Oatly Group Stock Performance

OTLY traded down $1.70 during trading hours on Monday, reaching $8.94. The company's stock had a trading volume of 522,640 shares, compared to its average volume of 308,883. Oatly Group has a 52 week low of $6.00 and a 52 week high of $26.80. The company's 50-day moving average is $11.78 and its 200-day moving average is $14.57. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.56. The firm has a market cap of $265.99 million, a PE ratio of -1.31 and a beta of 1.96.

Institutional Investors Weigh In On Oatly Group

A number of large investors have recently added to or reduced their stakes in the business. Portolan Capital Management LLC raised its stake in Oatly Group by 66.8% in the 4th quarter. Portolan Capital Management LLC now owns 7,915,716 shares of the company's stock valued at $5,247,000 after acquiring an additional 3,169,805 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Oatly Group by 19.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,895,635 shares of the company's stock valued at $6,746,000 after acquiring an additional 1,292,592 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Oatly Group by 4.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,701,722 shares of the company's stock valued at $6,580,000 after acquiring an additional 358,978 shares during the period. Raiffeisen Bank International AG bought a new stake in Oatly Group in the 4th quarter valued at $1,522,000. Finally, GSA Capital Partners LLP raised its stake in Oatly Group by 3.6% in the 3rd quarter. GSA Capital Partners LLP now owns 2,264,754 shares of the company's stock valued at $1,935,000 after acquiring an additional 78,831 shares during the period. Institutional investors own 68.15% of the company's stock.

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About Oatly Group

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.