DevvStream Corp. (NASDAQ:DEVS) Sees Significant Increase in Short Interest

DevvStream Corp. (NASDAQ:DEVS) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 222,063 shares, an increase of 87.9% from the May 31st total of 118,176 shares. Based on an average trading volume of 41,920,416 shares, the short-interest ratio is presently 0.0 days. Currently, 0.7% of the company’s shares are short sold.

DevvStream Price Performance

DEVS stock remained flat at $0.15 during midday trading on Thursday. The firm has a fifty day simple moving average of $0.25 and a two-hundred day simple moving average of $0.73. The firm has a market capitalization of $5.37 million, a price-to-earnings ratio of -0.10 and a beta of 0.36. DevvStream has a 1-year low of $0.11 and a 1-year high of $10.10.

DevvStream (NASDAQ:DEVS) last announced its quarterly earnings results on Monday, June 15th. The company reported ($0.64) EPS for the quarter. The firm had revenue of $0.00 million during the quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of DevvStream in a research report on Monday, April 20th. Wall Street Zen raised shares of DevvStream to a “hold” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On DevvStream

An institutional investor recently bought a new stake in DevvStream stock. DRW Securities LLC acquired a new position in DevvStream Corp. (NASDAQ:DEVS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned about 1.79% of DevvStream as of its most recent filing with the Securities and Exchange Commission. 75.79% of the stock is currently owned by institutional investors.

DevvStream Company Profile

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.