Short Interest in DavidsTea Inc (NASDAQ:DTEA) Declines By 5.7%

DavidsTea Inc (NASDAQ:DTEA) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 783,900 shares, a drop of 5.7% from the June 30th total of 831,400 shares. Approximately 5.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 165,100 shares, the short-interest ratio is presently 4.7 days.

DavidsTea stock opened at $1.40 on Friday. The stock has a fifty day moving average of $1.45 and a two-hundred day moving average of $1.38. DavidsTea has a fifty-two week low of $1.07 and a fifty-two week high of $5.35.

DavidsTea (NASDAQ:DTEA) last released its quarterly earnings results on Tuesday, June 18th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $33.24 million for the quarter. DavidsTea had a negative return on equity of 13.24% and a negative net margin of 17.25%.

Separately, ValuEngine raised DavidsTea from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

About DavidsTea

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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