Short Interest in Dogness (International) Corporation (NASDAQ:DOGZ) Rises By 103.3%

Dogness (International) Corporation (NASDAQ:DOGZ) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 472,884 shares, a growth of 103.3% from the January 15th total of 232,562 shares. Based on an average daily volume of 2,606,520 shares, the short-interest ratio is currently 0.2 days. Approximately 4.8% of the company’s shares are short sold. Approximately 4.8% of the company’s shares are short sold. Based on an average daily volume of 2,606,520 shares, the short-interest ratio is currently 0.2 days.

Dogness (International) Price Performance

NASDAQ:DOGZ traded up $0.15 during mid-day trading on Friday, reaching $1.48. 600,186 shares of the company’s stock traded hands, compared to its average volume of 2,780,409. The company has a 50 day moving average price of $7.93 and a 200-day moving average price of $10.65. The company has a quick ratio of 2.91, a current ratio of 3.35 and a debt-to-equity ratio of 0.02. Dogness has a 12-month low of $1.02 and a 12-month high of $34.53.

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Dogness (International) from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Dogness (International) in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Dogness (International)

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of Dogness (International) by 687.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock valued at $48,000 after buying an additional 2,578 shares during the period. Jane Street Group LLC purchased a new position in shares of Dogness (International) during the 4th quarter worth approximately $153,000. Marex Group plc purchased a new position in shares of Dogness (International) during the 4th quarter worth approximately $157,000. BNP Paribas Financial Markets purchased a new position in shares of Dogness (International) in the 3rd quarter valued at approximately $518,000. Finally, UBS Group AG lifted its stake in shares of Dogness (International) by 106,624.5% in the 3rd 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. 5.12% of the stock is owned by hedge funds and other institutional investors.

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.