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

Dogness (International) Corporation (NASDAQ:DOGZ) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 21,574 shares, a decrease of 87.5% from the August 15th total of 172,827 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 51,650 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Dogness (International) in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Dogness (International)

Several hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of Dogness (International) by 687.5% in 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 during the last quarter. Jane Street Group LLC purchased a new position in shares of Dogness (International) in the 4th quarter worth about $153,000. Marex Group plc purchased a new position in shares of Dogness (International) in the 4th quarter worth about $157,000. Quadrature Capital Ltd boosted its stake in Dogness (International) by 71.5% in the 4th quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock worth $392,000 after purchasing an additional 15,414 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Dogness (International) in the 3rd quarter worth about $518,000. 5.12% of the stock is owned by institutional investors.

Dogness (International) Stock Performance

Shares of DOGZ traded down $0.02 during mid-day trading on Thursday, reaching $0.93. The company had a trading volume of 6,330 shares, compared to its average volume of 77,600. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.75. The firm has a 50-day moving average price of $1.01 and a 200 day moving average price of $1.18. Dogness has a 52 week low of $0.81 and a 52 week high of $15.69.

About Dogness (International)

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.