Short Interest in Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Decreases By 21.6%

Oatly Group AB Sponsored ADR (NASDAQ:OTLY) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 464,638 shares, a decline of 21.6% from the December 15th total of 592,697 shares. Based on an average daily volume of 80,715 shares, the days-to-cover ratio is currently 5.8 days. Currently, 1.6% of the company’s stock are short sold. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 80,715 shares, the days-to-cover ratio is currently 5.8 days.

Analysts Set New Price Targets

OTLY has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Oatly Group in a report on Monday, December 29th. Zacks Research upgraded shares of Oatly Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Barclays set a $15.00 price objective on shares of Oatly Group and gave the company an “overweight” rating in a report on Friday. Mizuho set a $18.00 target price on shares of Oatly Group and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Finally, DA Davidson set a $14.00 target price on shares of Oatly Group and gave the stock a “buy” rating in a research report on Friday, November 21st. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.75.

Hedge Funds Weigh In On Oatly Group

Several large investors have recently added to or reduced their stakes in OTLY. GAMMA Investing LLC boosted its position in shares of Oatly Group by 85.1% in the second quarter. GAMMA Investing LLC now owns 3,203 shares of the company’s stock worth $38,000 after purchasing an additional 1,473 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Oatly Group during the 2nd quarter valued at $120,000. Van ECK Associates Corp boosted its holdings in Oatly Group by 19.0% in the 3rd quarter. Van ECK Associates Corp now owns 11,001 shares of the company’s stock worth $178,000 after buying an additional 1,756 shares during the period. Geode Capital Management LLC purchased a new stake in Oatly Group in the 2nd quarter worth $151,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Oatly Group during the first quarter valued at about $133,000. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Oatly Group Stock Performance

Shares of NASDAQ:OTLY traded up $0.15 during midday trading on Monday, hitting $11.52. The company had a trading volume of 46,111 shares, compared to its average volume of 61,349. Oatly Group has a 12-month low of $6.00 and a 12-month high of $18.84. The company has a fifty day moving average of $11.83 and a two-hundred day moving average of $14.39. The company has a market cap of $349.40 million, a price-to-earnings ratio of -1.53 and a beta of 1.97. The company has a debt-to-equity ratio of 7.21, a current ratio of 0.42 and a quick ratio of 0.32.

Oatly Group (NASDAQ:OTLY) last released its earnings results on Wednesday, October 29th. The company reported ($2.15) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($1.52). The company had revenue of $222.80 million for the quarter, compared to analysts’ expectations of $211.45 million. Oatly Group had a negative net margin of 26.67% and a negative return on equity of 201.36%. On average, equities research analysts expect that Oatly Group will post -3.2 EPS for the current fiscal year.

Oatly Group Company Profile

Oatly Group is a Sweden-based food and beverage company specializing in the development, production and sale of oat-derived dairy alternatives. The company’s product lineup includes oat-based drinks, ice cream, yogurts, spreads and cooking creams, all marketed under the Oatly brand name. By leveraging proprietary processing technology, Oatly extracts the nutritional benefits of oats—such as soluble fiber and plant protein—while delivering taste and texture profiles that closely mimic traditional dairy products.

Founded in 1994 as a spin-off from research at Lund University, Oatly initially focused on exploiting the health and functional benefits of oat beta-glucans.