Short Interest in Dogness (International) Corporation (NASDAQ:DOGZ) Grows By 577.3%

Dogness (International) Corporation (NASDAQ:DOGZ) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 172,827 shares, a growth of 577.3% from the July 30th total of 25,518 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 3,996,590 shares, the days-to-cover ratio is presently 0.0 days.

Dogness (International) Stock Down 1.9%

Shares of DOGZ opened at $1.01 on Wednesday. The company’s 50 day simple moving average is $1.04 and its 200-day simple moving average is $1.21. Dogness has a 12-month low of $0.81 and a 12-month high of $15.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.75.

Hedge Funds Weigh In On Dogness (International)

A number of large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of 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 in the last quarter. Jane Street Group LLC acquired a new stake in Dogness (International) in the fourth quarter valued at about $153,000. Marex Group plc purchased a new stake in Dogness (International) in the 4th quarter valued at approximately $157,000. Quadrature Capital Ltd increased its position in Dogness (International) by 71.5% during the 4th quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock worth $392,000 after purchasing an additional 15,414 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Dogness (International) during the 3rd quarter worth approximately $518,000. Hedge funds and other institutional investors own 5.12% of the company’s stock.

Analysts Set New Price Targets

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

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.