DevvStream Corp. (NASDAQ:DEVS) Short Interest Update

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

Hedge Funds Weigh In On DevvStream

A hedge fund recently bought a new position in DevvStream stock. DRW Securities LLC acquired a new stake in DevvStream Corp. (NASDAQ:DEVS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned 1.79% of DevvStream at the end of the most recent quarter. Institutional investors own 75.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DEVS shares. Wall Street Zen upgraded shares of DevvStream to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of DevvStream in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

DevvStream Stock Performance

Shares of NASDAQ DEVS remained flat at $0.15 during trading on Friday. The company has a market cap of $5.37 million, a PE ratio of -0.10 and a beta of 0.36. The firm’s fifty day moving average price is $0.25 and its 200 day moving average price is $0.71. DevvStream has a 52-week low of $0.11 and a 52-week high of $10.10.

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

About DevvStream

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.