Cazoo Group Ltd (NYSE:CZOO) Sees Large Decline in Short Interest

Cazoo Group Ltd (NYSE:CZOO) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 145,600 shares, a decline of 57.7% from the March 31st total of 344,600 shares. Based on an average daily volume of 1,720,000 shares, the short-interest ratio is presently 0.1 days. Currently, 3.4% of the company’s stock are sold short.

Institutional Trading of Cazoo Group

A hedge fund recently bought a new stake in Cazoo Group stock. Cowen AND Company LLC acquired a new stake in Cazoo Group Ltd (NYSE:CZOO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $27,000. Cowen AND Company LLC owned 0.13% of Cazoo Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 88.26% of the company’s stock.

Cazoo Group Stock Performance

Shares of CZOO stock traded up $0.94 during trading hours on Friday, reaching $11.89. 1,815,732 shares of the company’s stock were exchanged, compared to its average volume of 2,806,109. Cazoo Group has a fifty-two week low of $2.11 and a fifty-two week high of $207.00. The stock’s 50 day moving average is $6.55 and its 200-day moving average is $5.72.

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.