Dogness (International) Corporation (NASDAQ:DOGZ) Sees Significant Growth in Short Interest

Dogness (International) Corporation (NASDAQ:DOGZ) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 78,775 shares, a growth of 160.2% from the November 30th total of 30,277 shares. Based on an average daily trading volume, of 123,876 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 123,876 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DOGZ. Tower Research Capital LLC TRC lifted its holdings in Dogness (International) by 687.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock worth $48,000 after buying an additional 2,578 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Dogness (International) in the third quarter valued at $518,000. Finally, UBS Group AG boosted its holdings in Dogness (International) by 106,624.5% in the third quarter. UBS Group AG now owns 52,295 shares of the company’s stock valued at $674,000 after purchasing an additional 52,246 shares during the period. Institutional investors and hedge funds own 5.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dogness (International) in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Dogness (International) from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Dogness (International) has a consensus rating of “Sell”.

Dogness (International) Stock Performance

Shares of NASDAQ:DOGZ traded up $0.03 during trading on Friday, hitting $10.20. 138,904 shares of the stock traded hands, compared to its average volume of 120,704. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.35 and a quick ratio of 2.91. Dogness has a 52-week low of $6.81 and a 52-week high of $49.00. The company has a fifty day moving average price of $11.49 and a two-hundred day moving average price of $13.18.

Dogness (International) (NASDAQ:DOGZ) last issued its quarterly earnings results on Friday, October 17th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $4.31 million for the quarter.

Dogness (International) Company Profile

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.