Short Interest in Dogness (International) Corporation (NASDAQ:DOGZ) Grows By 160.2%

Dogness (International) Corporation (NASDAQ:DOGZ) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 78,775 shares, a growth of 160.2% from the November 30th total of 30,277 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 123,876 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 123,876 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

DOGZ has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Dogness (International) from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dogness (International) in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Dogness (International)

Several hedge funds have recently added to or reduced their stakes in DOGZ. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 2,578 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Dogness (International) in the 3rd quarter worth $518,000. Finally, UBS Group AG increased its holdings in Dogness (International) by 106,624.5% during the 3rd quarter. UBS Group AG now owns 52,295 shares of the company’s stock worth $674,000 after purchasing an additional 52,246 shares in the last quarter. Institutional investors and hedge funds own 5.12% of the company’s stock.

Dogness (International) Stock Down 0.2%

DOGZ stock traded down $0.03 during trading on Friday, reaching $10.15. 18,630 shares of the stock were exchanged, compared to its average volume of 282,304. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.02. Dogness has a twelve month low of $6.81 and a twelve month high of $49.00. The stock has a 50 day simple moving average of $11.58 and a 200-day simple moving average of $13.30.

Dogness (International) (NASDAQ:DOGZ) last announced its quarterly earnings results on Friday, October 17th. The company reported ($0.12) EPS for the quarter. The business had revenue of $4.31 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.