Oatly Stock Plummets as High Inflation Attracts Downgrade

OTLY is already down more than 62% year-to-date

Digital Content Manager
Sep 13, 2022 at 10:08 AM
facebook X logo linkedin


The shares of Oatly Group (NASDAQ:OTLY) are sinking this morning, last seen down 8.9% at $3.01, after Credit Suisse downgraded the plant-based milk manufacturer to "neutral" from "outperform," and slashed its price target to $3.43 from $6. The analyst in question noted "more acute" inflation in Europe may impact demand, and expects consumers to turn to private-label alternatives.

Coming into today, analysts were bullish towards Oatly stock, with eight of the 12 firms in question calling it a "buy" or better, while the remaining four said "hold." Plus, the 12-month consensus target price of $5.34 is a whopping 76.2% premium to current levels.

Though short sellers have been hitting the exits lately, with short interest down 7.6% over the last reporting period, they still have the upper hand. The 21.79 million shares sold short make up 7% of the equity's available float, or over one week's worth of pent-up buying power.

The security earlier this month breached a long-term floor at the $3.20 level, and are back below here today after briefly attempting to reconquer it. Meanwhile, the $4.30 level has rejected multiple of Oatly stock's rallies since April, and shares now carry a 62.3% year-to-date deficit. 

The options pits have been firmly optimistic, however. This is per OTLY's 50-day call/put volume ratio of 5.28 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 75% of readings from the past year. This means long calls have been getting picked up at a faster-than-usual clip.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI