Short Interest in DevvStream Corp. (NASDAQ:DEVS) Rises By 357.4%

DevvStream Corp. (NASDAQ:DEVS) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 465,403 shares, an increase of 357.4% from the December 31st total of 101,760 shares. Currently, 12.5% of the company’s shares are sold short. Based on an average daily volume of 1,299,022 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 1,299,022 shares, the days-to-cover ratio is presently 0.4 days. Currently, 12.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen cut shares of DevvStream from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of DevvStream in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

DevvStream Stock Down 10.9%

NASDAQ:DEVS traded down $0.13 on Thursday, reaching $1.06. 54,475 shares of the company’s stock were exchanged, compared to its average volume of 896,888. The firm has a market capitalization of $4.07 million, a price-to-earnings ratio of -0.39 and a beta of 0.58. DevvStream has a 52-week low of $0.99 and a 52-week high of $13.50. The business has a fifty day moving average of $1.43 and a 200-day moving average of $2.18.

DevvStream (NASDAQ:DEVS) last announced its quarterly earnings data on Tuesday, December 16th. The company reported ($0.14) earnings per share for the quarter.

About DevvStream

DevvStream Holdings Inc is a carbon credit project co-development and generation firm specializing in technology-based solutions. DevvStream Holdings Inc, formerly known as Focus Impact Acquisition Corp., is based in NEW YORK.