Ocado Rises on Amazon Report As Shorts Get Squeezed – ValueWalk Premium

Ocado Rises on Amazon Report As Shorts Get Squeezed

The surprise report in the U.K. Daily Mail that British online supermarket conglomerate Ocado Group was a potential acquisition target of Amazon.com sent shares of the stock sharply higher in Europe Monday and Tuesday, but finding gravity late in the day.

Ocado - 13.6% of shares on loan to short sellers, big names hurt to various degrees
Shares of Ocado jumped from $241.70 Monday to . . .

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