Dogness (International) Corporation (NASDAQ:DOGZ) Sees Large Decline in Short Interest

Dogness (International) Corporation (NASDAQ:DOGZ) saw a significant decrease in short interest during the month of 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 33,563 shares, the short-interest ratio is presently 0.9 days.

Dogness (International) Stock Up 1.2%

NASDAQ:DOGZ traded up $0.01 on Monday, reaching $1.00. The stock had a trading volume of 23,526 shares, compared to its average volume of 34,775. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.75 and a quick ratio of 1.45. The firm’s fifty day moving average is $1.10 and its two-hundred day moving average is $2.84. Dogness has a 12-month low of $0.81 and a 12-month high of $16.59.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DOGZ. Wall Street Zen cut shares of Dogness (International) from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Dogness (International) in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Dogness (International)

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in Dogness (International) by 687.5% during 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 period. Jane Street Group LLC purchased a new position in shares of Dogness (International) in the 4th quarter worth about $153,000. Marex Group plc purchased a new position in shares of Dogness (International) in the 4th quarter worth about $157,000. Quadrature Capital Ltd lifted its stake 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 valued at $392,000 after purchasing an additional 15,414 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Dogness (International) in the 3rd quarter valued at about $518,000. Hedge funds and other institutional investors own 5.12% of the company’s stock.

About Dogness (International)

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.