Ocado's Profitability Woes Deepen as Hedge Funds Bet Against the Stock

Thursday, 30 May 2024, 05:00

Hedge funds are intensifying their bearish bets on Ocado as the company struggles to achieve profitability. With disappointing financial results showing substantial losses in the past two years, the situation is concerning for investors. The mounting pessimism from hedge funds raises questions about Ocado's future prospects and stock performance.

https://store.livarava.com/a4db1ab5-1e51-11ef-a3e7-9d5fa15a64d8.jpg — Ocado's Profitability Woes Deepen as Hedge Funds Bet Against the Stock

Ocado's Profitability Woes

A healthy profit remains elusive for Ocado, which reported a £394m loss for the 12 months ending December and a £581m loss the year before.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Ocado's Profitability Woes

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