DavidsTea Inc (NASDAQ:DTEA) Short Interest Update

DavidsTea Inc (NASDAQ:DTEA) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 886,500 shares, a decrease of 21.7% from the May 30th total of 1,132,800 shares. Based on an average daily trading volume, of 210,300 shares, the days-to-cover ratio is currently 4.2 days. Currently, 6.4% of the company’s stock are sold short.

DavidsTea stock traded up $0.06 during mid-day trading on Friday, hitting $1.58. 255,451 shares of the company’s stock were exchanged, compared to its average volume of 151,676. DavidsTea has a 1-year low of $1.07 and a 1-year high of $5.35. The business has a 50 day moving average price of $1.26.

DavidsTea (NASDAQ:DTEA) last posted its earnings results on Thursday, May 2nd. The company reported $0.19 EPS for the quarter. The firm had revenue of $62.54 million for the quarter. DavidsTea had a negative net margin of 17.25% and a negative return on equity of 13.24%.

An institutional investor recently raised its position in DavidsTea stock. Barclays PLC boosted its holdings in shares of DavidsTea Inc (NASDAQ:DTEA) by 709,971.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,115 shares of the company’s stock after buying an additional 149,094 shares during the quarter. Barclays PLC owned about 0.57% of DavidsTea worth $176,000 at the end of the most recent quarter. 2.93% of the stock is owned by institutional investors.

Separately, ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

DavidsTea Company Profile

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company offers approximately 135 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, and accessories; and food, as well as tea beverages, such as hot or iced tea, and tea lattes. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.

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