Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Short Interest Up 13.9% in April

Oatly Group AB Sponsored ADR (NASDAQ:OTLY) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 500,941 shares, an increase of 13.9% from the March 31st total of 439,788 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 82,613 shares, the short-interest ratio is currently 6.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley set a $12.55 price target on Oatly Group in a research report on Thursday. Barclays set a $14.00 price target on Oatly Group and gave the stock an “overweight” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Oatly Group in a research report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.64.

Oatly Group Trading Up 1.6%

OTLY traded up $0.17 during mid-day trading on Friday, reaching $11.04. The stock had a trading volume of 68,043 shares, compared to its average volume of 79,016. The stock has a market capitalization of $344.78 million, a P/E ratio of -2.21 and a beta of 1.89. The company has a debt-to-equity ratio of 43.43, a quick ratio of 0.35 and a current ratio of 0.45. The firm’s fifty day simple moving average is $11.27 and its two-hundred day simple moving average is $11.99. Oatly Group has a 52 week low of $9.26 and a 52 week high of $18.84.

Oatly Group (NASDAQ:OTLY) last released its earnings results on Wednesday, April 29th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.52. Oatly Group had a negative net margin of 17.06% and a negative return on equity of 432.75%. The company had revenue of $228.33 million for the quarter, compared to the consensus estimate of $214.61 million. On average, equities analysts predict that Oatly Group will post -3.05 EPS for the current year.

Institutional Investors Weigh In On Oatly Group

Institutional investors have recently modified their holdings of the business. Performa Ltd US LLC grew its position in shares of Oatly Group by 16.8% during the 4th quarter. Performa Ltd US LLC now owns 10,100 shares of the company’s stock worth $108,000 after buying an additional 1,450 shares during the period. Van ECK Associates Corp boosted its position in shares of 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 purchasing an additional 1,756 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Oatly Group in the 2nd quarter worth $151,000. Cubist Systematic Strategies LLC bought a new position in shares of Oatly Group in the 1st quarter worth $133,000. Finally, R Squared Ltd bought a new position in shares of Oatly Group in the 4th quarter worth $155,000. Institutional investors and hedge funds own 68.15% of the company’s stock.

About Oatly Group

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.