DevvStream Corp. (NASDAQ:DEVS) Short Interest Update

DevvStream Corp. (NASDAQ:DEVS) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 564,532 shares, a growth of 207.9% from the March 31st total of 183,338 shares. Currently, 10.9% of the shares of the stock are sold short. Based on an average daily volume of 1,282,694 shares, the days-to-cover ratio is currently 0.4 days.

DevvStream Price Performance

Shares of DEVS traded down $0.04 on Friday, hitting $0.30. The company’s stock had a trading volume of 816,429 shares, compared to its average volume of 793,885. The company has a market capitalization of $1.62 million, a PE ratio of -0.20 and a beta of 0.74. DevvStream has a fifty-two week low of $0.29 and a fifty-two week high of $13.50. The company has a 50 day moving average price of $0.72 and a 200 day moving average price of $1.26.

DevvStream (NASDAQ:DEVS) last announced its earnings results on Friday, March 13th. The company reported ($0.80) EPS for the quarter. The firm had revenue of $0.01 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DevvStream in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DevvStream stock. DRW Securities LLC acquired a new position in DevvStream Corp. (NASDAQ:DEVS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned about 1.79% of DevvStream at the end of the most recent reporting period. Institutional investors and hedge funds own 75.79% of the company’s stock.

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.