Dogness (International) Corporation (NASDAQ:DOGZ) Short Interest Down 49.3% in September

Key Points

• Dogness (International) Corporation experienced a 49.3% decrease in short interest in September, with the total amount falling from 441,800 shares to 224,200 shares.
• The consensus rating for Dogness stock remains a "Sell", as stated by Weiss Ratings, which maintained a "sell (d-)" rating on October 8th.
• Hedge funds showed increased interest, with Tower Research Capital increasing its stake in Dogness by 687.5% during the second quarter.

Dogness (International) Corporation (NASDAQ:DOGZ - Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 224,200 shares, a decline of 49.3% from the September 15th total of 441,800 shares. Approximately 13.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 427,000 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 427,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 13.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Dogness (International) in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".

Dogness (International) Stock Performance

Dogness (International) stock opened at $14.76 on Monday. Dogness has a 1 year low of $6.81 and a 1 year high of $58.50. The firm's 50 day moving average price is $12.95 and its two-hundred day moving average price is $16.37.

Hedge Funds Weigh In On Dogness (International)

A hedge fund recently raised its stake in Dogness (International) stock. Tower Research Capital LLC TRC boosted its position in shares of Dogness (International) Corporation (NASDAQ:DOGZ - Free Report) by 687.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,953 shares of the company's stock after purchasing an additional 2,578 shares during the period. Tower Research Capital LLC TRC's holdings in Dogness (International) were worth $48,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.12% of the company's stock.

About Dogness (International)

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.