Short Interest in Dogness (International) Corporation (NASDAQ:DOGZ) Declines By 73.3%

Dogness (International) Corporation (NASDAQ:DOGZ) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 31,421 shares, a decrease of 73.3% from the June 15th total of 117,574 shares. Based on an average daily trading volume, of 33,563 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

Dogness (International) Stock Down 1.2%

Shares of Dogness (International) stock traded down $0.01 during mid-day trading on Friday, reaching $0.99. 15,093 shares of the stock were exchanged, compared to its average volume of 34,775. Dogness has a fifty-two week low of $0.81 and a fifty-two week high of $16.59. The firm has a 50-day simple moving average of $1.10 and a 200 day simple moving average of $2.90. The company has a current ratio of 1.75, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

A number of analysts recently weighed in on DOGZ shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Dogness (International) in a research note on Thursday, June 18th. Wall Street Zen downgraded Dogness (International) from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Dogness (International) currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG increased its holdings in Dogness (International) by 106,624.5% during the 3rd quarter. UBS Group AG now owns 52,295 shares of the company’s stock valued at $674,000 after purchasing an additional 52,246 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Dogness (International) during the third quarter worth $518,000. Quadrature Capital Ltd increased its stake in shares of Dogness (International) by 71.5% in the fourth quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock valued at $392,000 after buying an additional 15,414 shares in the last quarter. Marex Group plc acquired a new stake in shares of Dogness (International) in the fourth quarter valued at $157,000. Finally, Jane Street Group LLC bought a new position in shares of Dogness (International) in the fourth quarter valued at about $153,000. 5.12% of the stock is owned by institutional investors and hedge funds.

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.