Short Interest in DevvStream Corp. (NASDAQ:DEVS) Grows By 87.9%

DevvStream Corp. (NASDAQ:DEVS) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 222,063 shares, a growth of 87.9% from the May 31st total of 118,176 shares. Based on an average daily volume of 41,920,416 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC bought a new stake in DevvStream Corp. (NASDAQ:DEVS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned about 1.79% of DevvStream as of its most recent filing with the Securities and Exchange Commission. 75.79% of the stock is owned by institutional investors.

DevvStream Price Performance

NASDAQ:DEVS remained flat at $0.15 during trading hours on Wednesday. The firm’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.74. DevvStream has a fifty-two week low of $0.11 and a fifty-two week high of $10.10. The firm has a market capitalization of $5.37 million, a price-to-earnings ratio of -0.10 and a beta of 0.36.

DevvStream (NASDAQ:DEVS) last issued its quarterly earnings data on Monday, June 15th. The company reported ($0.64) earnings per share for the quarter. The firm had revenue of $0.00 million during the quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on DEVS shares. Wall Street Zen raised DevvStream to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of DevvStream in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

DevvStream Company Profile

DevvStream Holdings Inc is a carbon credit project co-development and generation firm specializing in technology-based solutions. DevvStream Holdings Inc, formerly known as Focus Impact Acquisition Corp., is based in NEW YORK.