DevvStream Corp. (NASDAQ:DEVS) Short Interest Down 74.2% in January

DevvStream Corp. (NASDAQ:DEVS) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 119,942 shares, a decrease of 74.2% from the January 15th total of 465,403 shares. Based on an average daily trading volume, of 385,238 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.2% of the shares of the stock are short sold. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 385,238 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On DevvStream

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC acquired a new stake in shares of DevvStream Corp. (NASDAQ:DEVS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. Hedge funds and other institutional investors own 75.79% of the company’s stock.

DevvStream Trading Down 6.4%

DevvStream stock traded down $0.06 during midday trading on Thursday, reaching $0.85. 33,656 shares of the company were exchanged, compared to its average volume of 276,573. The firm’s 50-day simple moving average is $1.30 and its 200-day simple moving average is $1.96. DevvStream has a 1 year low of $0.82 and a 1 year high of $13.50.

DevvStream (NASDAQ:DEVS) last announced its quarterly earnings results on Tuesday, December 16th. The company reported ($0.14) earnings per share for the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DEVS. Weiss Ratings restated a “sell (e+)” rating on shares of DevvStream in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of DevvStream from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.