Cazoo Group Ltd (NYSE:CZOO) Short Interest Down 57.7% in April

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

Hedge Funds Weigh In On Cazoo Group

A hedge fund recently bought a new stake in Cazoo Group stock. Cowen AND Company LLC purchased a new stake in shares of Cazoo Group Ltd (NYSE:CZOO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 SEC filing. Institutional investors own 88.26% of the company’s stock.

Cazoo Group Stock Performance

Cazoo Group stock traded up $0.94 during mid-day trading on Friday, reaching $11.89. The stock had a trading volume of 1,815,732 shares, compared to its average volume of 2,806,109. The company has a 50-day moving average price of $6.55 and a two-hundred day moving average price of $5.72. Cazoo Group has a one year low of $2.11 and a one year high of $207.00.

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.