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

DevvStream Corp. (NASDAQ:DEVS) saw a large decrease in short interest during the month of 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 volume of 385,238 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.2% of the company’s shares are short sold. Currently, 3.2% of the company’s shares are short sold. Based on an average daily volume of 385,238 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

DEVS has been the topic of several recent analyst reports. Wall Street Zen lowered shares of DevvStream from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of DevvStream in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

DevvStream Stock Down 6.4%

Shares of DEVS stock opened at $0.85 on Friday. The firm has a 50 day moving average of $1.28 and a 200-day moving average of $1.95. The company has a market cap of $3.27 million, a price-to-earnings ratio of -0.32 and a beta of 0.57. DevvStream has a 52 week low of $0.82 and a 52 week high of $13.50.

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

Institutional Trading of DevvStream

A hedge fund recently bought a new stake in DevvStream stock. DRW Securities LLC purchased a new position in shares of DevvStream Corp. (NASDAQ:DEVS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned 1.79% of DevvStream as of its most recent filing with the SEC. Institutional investors own 75.79% of the company’s stock.

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.