Dogness (International) (NASDAQ:DOGZ) Stock Price Up 0.1% - Here's What Happened

Key Points

• Dogness (International) Corporation's shares rose by 0.1%, trading at $8.97, while experiencing a significant drop in volume of 51% compared to the average.
• A hedge fund, JPMorgan Chase & Co., increased its stake in Dogness by 227.1%, owning approximately 0.07% of the company with a total value of $402,000.
• Dogness designs and manufactures a variety of pet products, including leashes, harnesses, and smart devices, catering to the growing demand for fashionable and functional items in the pet market.

Dogness (International) Corporation (NASDAQ:DOGZ - Get Free Report)'s share price shot up 0.1% during mid-day trading on Monday . The company traded as high as $9.22 and last traded at $8.97. 142,542 shares were traded during trading, a decline of 51% from the average session volume of 291,978 shares. The stock had previously closed at $8.96.

Dogness (International) Price Performance

The company has a current ratio of 1.78, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $18.60 and a 200-day simple moving average of $23.25.

Institutional Investors Weigh In On Dogness (International)

A hedge fund recently raised its stake in Dogness (International) stock. JPMorgan Chase & Co. grew its holdings in Dogness (International) Corporation (NASDAQ:DOGZ - Free Report) by 227.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,842 shares of the company's stock after acquiring an additional 6,139 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of Dogness (International) worth $402,000 as of its most recent filing with the Securities and Exchange Commission. 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.