Dogness (International) Corporation (NASDAQ:DOGZ) Sees Large Increase in Short Interest

Dogness (International) Corporation (NASDAQ:DOGZ) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 117,574 shares, a growth of 836.5% from the May 31st total of 12,555 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 1,775,535 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DOGZ shares. Wall Street Zen cut shares of Dogness (International) from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Dogness (International) in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Dogness (International)

Several hedge funds have recently made changes to their positions in DOGZ. Tower Research Capital LLC TRC lifted its position in Dogness (International) by 687.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock worth $48,000 after buying an additional 2,578 shares during the period. Jane Street Group LLC acquired a new position in shares of Dogness (International) during the 4th quarter valued at about $153,000. Marex Group plc purchased a new position in shares of Dogness (International) during the 4th quarter worth about $157,000. Quadrature Capital Ltd boosted its position in shares of Dogness (International) by 71.5% in the fourth quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock worth $392,000 after acquiring an additional 15,414 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Dogness (International) in the third quarter valued at approximately $518,000. Institutional investors and hedge funds own 5.12% of the company’s stock.

Dogness (International) Price Performance

NASDAQ DOGZ opened at $1.12 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.75 and a quick ratio of 1.45. Dogness has a fifty-two week low of $0.81 and a fifty-two week high of $29.00. The business has a fifty day moving average of $1.14 and a 200-day moving average of $3.61.

Dogness (International) (NASDAQ:DOGZ) last announced its earnings results on Thursday, April 2nd. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $3.86 million for the quarter.

Dogness (International) Company Profile

Dogness (International) Corporation is a provider of pet health and lifestyle products that focuses on smart and interactive solutions for companion animals. The company designs, manufactures and markets a range of pet care products that integrate technology to enhance monitoring, feeding, exercise and enrichment for dogs and cats. Its product portfolio caters to pet owners seeking automated, data-driven tools to support pet well-being and owner convenience.

The company’s offerings include automatic pet feeders and water fountains equipped with programmable schedules, smartphone connectivity and real-time portion controls.