Dogness (International) Corporation (NASDAQ:DOGZ) Short Interest Update

Dogness (International) Corporation (NASDAQ:DOGZ) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 117,574 shares, a growth of 836.5% from the May 31st total of 12,555 shares. Based on an average daily volume of 1,775,535 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Trading of Dogness (International)

Several hedge funds have recently added to or reduced their stakes in DOGZ. Tower Research Capital LLC TRC boosted its position 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 acquiring an additional 2,578 shares during the period. Jane Street Group LLC acquired a new position in shares of Dogness (International) during the fourth quarter valued at $153,000. Marex Group plc acquired a new position in shares of Dogness (International) during the fourth quarter valued at $157,000. Quadrature Capital Ltd raised its stake in shares of Dogness (International) by 71.5% during the fourth quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock valued at $392,000 after purchasing an additional 15,414 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Dogness (International) during the third quarter valued at about $518,000. Institutional investors own 5.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DOGZ shares. Wall Street Zen cut Dogness (International) from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Dogness (International) in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Dogness (International) Stock Performance

Shares of NASDAQ:DOGZ opened at $1.10 on Friday. The firm’s 50 day moving average is $1.15 and its two-hundred day moving average is $3.63. Dogness has a 52 week low of $0.81 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.75.

Dogness (International) (NASDAQ:DOGZ) last released its quarterly earnings results on Thursday, April 2nd. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $3.86 million during the quarter.

About Dogness (International)

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.