Dogness (International) Corporation (NASDAQ:DOGZ) Short Interest Down 55.2% in March

Dogness (International) Corporation (NASDAQ:DOGZ) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 70,071 shares, a drop of 55.2% from the March 15th total of 156,258 shares. Based on an average daily trading volume, of 63,619 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.7% of the shares of the stock are short sold.

Dogness (International) Stock Up 0.8%

Dogness (International) stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.27. The stock had a trading volume of 5,065 shares, compared to its average volume of 984,873. The stock has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $7.73. Dogness has a 12 month low of $1.02 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.75 and a quick ratio of 1.45.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Dogness (International) in a research note on Wednesday, January 21st. Wall Street Zen lowered Dogness (International) from a “sell” rating to a “strong sell” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Dogness (International) presently has an average rating of “Sell”.

Hedge Funds Weigh In On Dogness (International)

Several hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in Dogness (International) by 687.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock valued at $48,000 after acquiring an additional 2,578 shares during the last quarter. Jane Street Group LLC bought a new position in Dogness (International) in the fourth quarter valued at about $153,000. Marex Group plc bought a new position in Dogness (International) in the fourth quarter valued at about $157,000. Quadrature Capital Ltd boosted its holdings in Dogness (International) by 71.5% in the fourth quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock valued at $392,000 after acquiring an additional 15,414 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Dogness (International) in the third quarter valued at about $518,000. Institutional investors own 5.12% of the company’s stock.

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.