Short Interest in DevvStream Corp. (NASDAQ:DEVS) Decreases By 75.4%

by · The Cerbat Gem

DevvStream Corp. (NASDAQ:DEVS – Get Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 138,889 shares, a decline of 75.4% from the April 15th total of 564,532 shares. Based on an average daily volume of 425,748 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.7% of the company’s stock are short sold.

Institutional Investors Weigh In On DevvStream

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC acquired a new position in DevvStream Corp. (NASDAQ:DEVS – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned approximately 1.79% of DevvStream at the end of the most recent quarter. 75.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of DevvStream in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, DevvStream has an average rating of “Sell”.

Check Out Our Latest Report on DEVS

DevvStream Stock Up 0.2%

Shares of DevvStream stock traded up $0.00 on Friday, hitting $0.19. 1,409,797 shares of the company traded hands, compared to its average volume of 2,875,539. The company has a 50-day moving average price of $0.56 and a 200 day moving average price of $1.08. DevvStream has a 12-month low of $0.14 and a 12-month high of $10.10. The company has a market cap of $1.01 million, a PE ratio of -0.12 and a beta of 0.32.

DevvStream (NASDAQ:DEVS – Get Free Report) last posted its quarterly earnings results on Friday, March 13th. The company reported ($0.80) EPS for the quarter. The firm had revenue of $0.01 million for the quarter.

DevvStream Company Profile

(Get Free Report)

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.

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