Short Interest in DevvStream Corp. (NASDAQ:DEVS) Decreases By 18.1%

DevvStream Corp. (NASDAQ:DEVSGet Free Report) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 45,165 shares, a decrease of 18.1% from the February 26th total of 55,169 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 3,814,154 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DevvStream in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Get Our Latest Analysis on DEVS

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC acquired a new stake in DevvStream Corp. (NASDAQ:DEVSFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned 1.79% of DevvStream at the end of the most recent reporting period. 75.79% of the stock is currently owned by hedge funds and other institutional investors.

DevvStream Price Performance

Shares of DEVS stock traded down $0.04 during trading hours on Monday, reaching $0.55. The company had a trading volume of 36,617 shares, compared to its average volume of 1,001,513. The company has a market cap of $2.93 million, a price-to-earnings ratio of -0.36 and a beta of 0.58. DevvStream has a 12 month low of $0.52 and a 12 month high of $13.50. The business has a fifty day simple moving average of $0.89 and a 200-day simple moving average of $1.53.

DevvStream (NASDAQ:DEVSGet Free Report) last released its quarterly earnings results on Friday, March 13th. The company reported ($0.80) EPS for the quarter. The company had revenue of $0.01 million during the quarter.

DevvStream Company Profile

(Get Free Report)

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.

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