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

DevvStream Corp. (NASDAQ:DEVS) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 106,344 shares, a growth of 26.8% from the November 30th total of 83,899 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 607,593 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 607,593 shares, the short-interest ratio is currently 0.2 days. Currently, 2.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DEVS shares. Wall Street Zen cut DevvStream from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Weiss Ratings restated a “sell (e+)” rating on shares of DevvStream in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, DevvStream presently has a consensus rating of “Sell”.

DevvStream Stock Down 9.3%

DevvStream stock opened at $1.37 on Friday. DevvStream has a 52 week low of $1.22 and a 52 week high of $13.50. The company’s 50 day moving average price is $1.64 and its two-hundred day moving average price is $2.50. The stock has a market cap of $5.26 million, a P/E ratio of -0.51 and a beta of 0.58.

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

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.