Short Interest in Dogness (International) Corporation (NASDAQ:DOGZ) Expands By 88.1%

Dogness (International) Corporation (NASDAQ:DOGZ) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 148,181 shares, an increase of 88.1% from the December 15th total of 78,775 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 252,575 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 252,575 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.5% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DOGZ shares. Wall Street Zen cut Dogness (International) from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Dogness (International) in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG raised its stake in shares of Dogness (International) by 106,624.5% in the third quarter. UBS Group AG now owns 52,295 shares of the company’s stock valued at $674,000 after acquiring an additional 52,246 shares during the period. BNP Paribas Financial Markets purchased a new stake in Dogness (International) in the 3rd quarter worth about $518,000. Finally, Tower Research Capital LLC TRC lifted its stake 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 worth $48,000 after purchasing an additional 2,578 shares during the last quarter. 5.12% of the stock is owned by hedge funds and other institutional investors.

Dogness (International) Stock Performance

Shares of NASDAQ DOGZ traded down $0.04 during mid-day trading on Friday, hitting $11.18. 552,578 shares of the company’s stock traded hands, compared to its average volume of 571,347. 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 1 year low of $6.81 and a 1 year high of $45.00. The company’s 50-day moving average is $11.00 and its two-hundred day moving average is $11.45.

Dogness (International) (NASDAQ:DOGZ) last issued 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.

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.