Cazoo Group Ltd (NYSE:CZOO - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 344,600 shares, a growth of 716.6% from the March 15th total of 42,200 shares. Currently, 8.0% of the company's shares are sold short. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of Cazoo Group
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in Cazoo Group by 11.9% in the 2nd quarter. FMR LLC now owns 30,561,692 shares of the company's stock valued at $22,004,000 after acquiring an additional 3,251,677 shares in the last quarter. Viking Global Investors LP acquired a new position in shares of Cazoo Group in the fourth quarter valued at approximately $20,356,000. Pelham Capital Ltd. increased its stake in Cazoo Group by 30.8% during the 1st quarter. Pelham Capital Ltd. now owns 7,849,724 shares of the company's stock worth $21,665,000 after buying an additional 1,849,724 shares during the period. UBS Group AG lifted its holdings in Cazoo Group by 10,761.1% during the 2nd quarter. UBS Group AG now owns 1,364,266 shares of the company's stock worth $982,000 after buying an additional 1,351,705 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Cazoo Group by 203.1% in the 1st quarter. Citigroup Inc. now owns 1,729,111 shares of the company's stock valued at $4,773,000 after buying an additional 1,158,549 shares during the period. Institutional investors and hedge funds own 88.26% of the company's stock.
Cazoo Group Price Performance
Shares of CZOO traded up $1.18 during trading on Wednesday, reaching $11.68. 408,808 shares of the company traded hands, compared to its average volume of 1,105,532. The stock has a 50-day simple moving average of $5.60 and a 200-day simple moving average of $4.99. Cazoo Group has a twelve month low of $2.11 and a twelve month high of $279.00.
About Cazoo Group
(
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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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