Dogness (International) Corporation (NASDAQ:DOGZ) Short Interest Up 836.5% in June

Dogness (International) Corporation (NASDAQ:DOGZ) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 117,574 shares, a growth of 836.5% from the May 31st total of 12,555 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 1,775,535 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Dogness (International)

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in Dogness (International) by 687.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,953 shares of the company’s stock valued at $48,000 after acquiring an additional 2,578 shares during the last quarter. Jane Street Group LLC bought a new position in Dogness (International) during the 4th quarter worth approximately $153,000. Marex Group plc bought a new position in Dogness (International) during the 4th quarter worth approximately $157,000. Quadrature Capital Ltd lifted its position in shares of Dogness (International) by 71.5% in the 4th quarter. Quadrature Capital Ltd now owns 36,959 shares of the company’s stock worth $392,000 after purchasing an additional 15,414 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Dogness (International) in the 3rd quarter worth approximately $518,000. 5.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on DOGZ shares. Wall Street Zen downgraded Dogness (International) from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Dogness (International) in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Dogness (International) presently has a consensus rating of “Sell”.

Dogness (International) Price Performance

Shares of Dogness (International) stock traded up $0.02 during trading on Friday, hitting $1.12. The company’s stock had a trading volume of 17,226 shares, compared to its average volume of 1,020,225. Dogness has a 52 week low of $0.81 and a 52 week high of $29.00. The stock has a 50-day moving average price of $1.14 and a two-hundred day moving average price of $3.61. 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 (International) (NASDAQ:DOGZ) last announced its earnings results on Thursday, April 2nd. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $3.86 million during the quarter.

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.