DevvStream Corp. (NASDAQ:DEVS) Short Interest Down 30.1% in February

DevvStream Corp. (NASDAQ:DEVS) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 55,169 shares, a decline of 30.1% from the February 12th total of 78,919 shares. Based on an average daily trading volume, of 53,915 shares, the short-interest ratio is currently 1.0 days. Currently, 1.5% of the company’s shares are sold short. Currently, 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 53,915 shares, the short-interest ratio is currently 1.0 days.

DevvStream Stock Performance

NASDAQ DEVS traded up $0.07 during trading hours on Friday, reaching $0.90. 38,746,102 shares of the company’s stock were exchanged, compared to its average volume of 42,709. The company has a market capitalization of $3.47 million, a price-to-earnings ratio of -0.34 and a beta of 0.58. The company’s 50-day moving average is $1.01 and its two-hundred day moving average is $1.65. DevvStream has a one year low of $0.74 and a one year high of $13.50.

DevvStream (NASDAQ:DEVS) last announced its quarterly earnings results on Friday, March 13th. The company reported ($0.80) earnings per share for the quarter. The business had revenue of $0.01 million for the quarter.

Institutional Investors Weigh In On DevvStream

A hedge fund recently bought a new stake in DevvStream stock. DRW Securities LLC acquired a new position in DevvStream Corp. (NASDAQ:DEVS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned approximately 1.79% of DevvStream as of its most recent SEC filing. Hedge funds and other institutional investors own 75.79% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of DevvStream in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.