DevvStream Corp. (NASDAQ:DEVS) Short Interest Update

DevvStream Corp. (NASDAQ:DEVS) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 78,919 shares, a decline of 34.2% from the January 29th total of 119,942 shares. Based on an average daily volume of 42,168 shares, the short-interest ratio is currently 1.9 days. Approximately 2.1% of the shares of the company are sold short. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 42,168 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On DevvStream

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC purchased a new stake in DevvStream Corp. (NASDAQ:DEVS) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 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 SEC. Institutional investors own 75.79% of the company’s stock.

Wall Street Analyst Weigh In

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

DevvStream Stock Down 4.8%

NASDAQ DEVS opened at $0.86 on Friday. DevvStream has a twelve month low of $0.82 and a twelve month high of $13.50. The business has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.77. The firm has a market cap of $3.31 million, a price-to-earnings ratio of -0.32 and a beta of 0.57.

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

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.