Dogness (International) Co. (NASDAQ:DOGZ) Sees Significant Drop in Short Interest

Dogness (International) Co. (NASDAQ:DOGZ) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 376,700 shares, a decrease of 6.8% from the January 15th total of 404,400 shares. Based on an average daily volume of 202,500 shares, the days-to-cover ratio is presently 1.9 days. Approximately 22.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Dogness (International)

An institutional investor recently raised its position in Dogness (International) stock. JPMorgan Chase & Co. grew its stake in shares of Dogness (International) Co. (NASDAQ:DOGZ) by 227.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,842 shares of the company’s stock after purchasing an additional 6,139 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.07% of Dogness (International) worth $402,000 as of its most recent SEC filing. Institutional investors and hedge funds own 5.12% of the company’s stock.

Dogness (International) Stock Performance

Shares of NASDAQ:DOGZ traded down $5.30 during trading on Tuesday, hitting $27.75. 165,335 shares of the company traded hands, compared to its average volume of 281,178. The business’s fifty day moving average is $37.99 and its 200-day moving average is $35.76. Dogness has a one year low of $4.03 and a one year high of $58.50. The company has a quick ratio of 1.56, a current ratio of 1.92 and a debt-to-equity ratio of 0.04.

Dogness (International) Company Profile

Dogness (International) Corporation, through its subsidiaries, designs, manufactures, and sells fashionable products for dogs and cats worldwide. The company provides pet leashes, pet collars, pet harnesses, and retractable leashes, as well as lanyards; gift suspenders, pet belt ribbons, laces, elastic belts, computer jacquard ribbons, and high-grade textile laces; mouth covers and pet charms; climbing hooks; and intelligent pet products, such as app-controlled pet feeders, pet water fountains, and smart pet toys, as well as pet shampoos.