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 $287.46 Tuesday in mid-morning trade. The price has sense retraced gains, trading at $266.52 with 45 minutes to go until the close of U.S. trading. It was not only the fundamental news of a potential online buyer…