Cazoo Group Ltd (NYSE:CZOO) Short Interest Down 5.3% in December

Cazoo Group Ltd (NYSE:CZOOGet Rating) was the target of a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 9,650,000 shares, a decline of 5.3% from the December 15th total of 10,190,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the short-interest ratio is presently 4.3 days. Approximately 2.1% of the company’s stock are short sold.

Cazoo Group Price Performance

Shares of NYSE:CZOO opened at $0.21 on Wednesday. The company’s fifty day moving average is $0.23 and its two-hundred day moving average is $0.44. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.49 and a quick ratio of 1.81. Cazoo Group has a 1-year low of $0.13 and a 1-year high of $4.93.

Institutional Investors Weigh In On Cazoo Group

A number of institutional investors have recently modified their holdings of CZOO. FMR LLC boosted its stake in Cazoo Group by 11.9% in the second 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 during the period. Builders Union LLP acquired a new position in Cazoo Group during the 3rd quarter valued at approximately $4,519,000. Pelham Capital Ltd. grew 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 last quarter. TFG Asset Management GP Ltd grew its stake in Cazoo Group by 39.7% during the 3rd quarter. TFG Asset Management GP Ltd now owns 7,735,220 shares of the company’s stock worth $3,558,000 after buying an additional 2,200,000 shares during the last quarter. Finally, BlackRock Inc. increased its position in Cazoo Group by 0.3% in the first quarter. BlackRock Inc. now owns 6,527,310 shares of the company’s stock worth $18,016,000 after buying an additional 20,500 shares during the period. Institutional investors own 70.83% of the company’s stock.

Analyst Ratings Changes

CZOO has been the topic of a number of research analyst reports. UBS Group reduced their price objective on shares of Cazoo Group from $1.00 to $0.35 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. The Goldman Sachs Group reduced their price target on shares of Cazoo Group from $0.90 to $0.39 and set a “neutral” rating on the stock in a research report on Wednesday, November 30th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1.61.

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. The company 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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