Dogness (International) Corporation (NASDAQ:DOGZ) Sees Large Decrease in Short Interest

Dogness (International) Corporation (NASDAQ:DOGZGet Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 21,574 shares, a decline of 87.5% from the August 15th total of 172,827 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 51,650 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Dogness (International)

A number of hedge funds have recently modified their holdings of DOGZ. UBS Group AG boosted its holdings in shares of Dogness (International) by 106,624.5% during the third quarter. UBS Group AG now owns 52,295 shares of the company’s stock worth $674,000 after purchasing an additional 52,246 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Dogness (International) in the third quarter worth about $518,000. Quadrature Capital Ltd increased its holdings in Dogness (International) by 71.5% during the 4th 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 during the period. Marex Group plc purchased a new position in Dogness (International) during the 4th quarter valued at about $157,000. Finally, Jane Street Group LLC bought a new position in Dogness (International) during the 4th quarter valued at approximately $153,000. Hedge funds and other institutional investors own 5.12% of the company’s stock.

Dogness (International) Stock Down 2.1%

NASDAQ:DOGZ traded down $0.02 during midday trading on Thursday, reaching $0.93. 6,330 shares of the stock traded hands, compared to its average volume of 77,600. The company has a fifty day moving average of $1.01 and a 200 day moving average of $1.18. Dogness has a 12 month low of $0.81 and a 12 month high of $15.69. The company has a current ratio of 1.75, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Dogness (International) in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

View Our Latest Research Report on Dogness (International)

About Dogness (International)

(Get Free Report)

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.

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