Short Interest in Dogness (International) Corporation (NASDAQ:DOGZ) Drops By 87.5%

Dogness (International) Corporation (NASDAQ:DOGZ) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 21,574 shares, a drop of 87.5% from the August 15th total of 172,827 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 51,650 shares, the days-to-cover ratio is currently 0.4 days.

Dogness (International) Price Performance

Shares of Dogness (International) stock traded up $0.01 during midday trading on Friday, hitting $0.94. The company had a trading volume of 660 shares, compared to its average volume of 765,666. The company has a fifty day simple moving average of $1.01 and a 200 day simple moving average of $1.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.75. Dogness has a 12-month low of $0.81 and a 12-month high of $15.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake 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 worth $48,000 after buying an additional 2,578 shares during the period. Jane Street Group LLC purchased a new position in Dogness (International) in the 4th quarter worth $153,000. Marex Group plc purchased a new position in Dogness (International) in the 4th quarter worth $157,000. Quadrature Capital Ltd lifted 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 acquiring an additional 15,414 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Dogness (International) during the 3rd quarter worth about $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 report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.