Short Interest in TDH Holdings, Inc. (NASDAQ:PETZ) Increases By 3,172.6%
by Mitch Edgeman · The Markets DailyTDH Holdings, Inc. (NASDAQ:PETZ – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 191,646 shares, a growth of 3,172.6% from the May 14th total of 5,856 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 2,661,083 shares, the short-interest ratio is currently 0.1 days.
TDH Price Performance
PETZ traded up $0.18 during trading on Wednesday, reaching $1.40. 409,882 shares of the stock traded hands, compared to its average volume of 244,653. The stock’s 50-day simple moving average is $1.09 and its two-hundred day simple moving average is $1.08. TDH has a fifty-two week low of $0.81 and a fifty-two week high of $1.68.
TDH (NASDAQ:PETZ – Get Free Report) last issued its earnings results on Monday, April 20th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $0.33 million during the quarter.
Hedge Funds Weigh In On TDH
A hedge fund recently bought a new stake in TDH stock. Citadel Advisors LLC bought a new position in TDH Holdings, Inc. (NASDAQ:PETZ – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,361 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned approximately 0.33% of TDH as of its most recent SEC filing. Hedge funds and other institutional investors own 0.01% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of TDH from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Read Our Latest Stock Report on TDH
TDH Company Profile
PETZ Ltd. (NASDAQ: PETZ) is a leading specialty retailer in the pet care sector, offering a comprehensive range of products and services for companion animals. The company’s retail footprint spans both brick-and-mortar stores and an e-commerce platform, providing customers with pet food, accessories, supplies and healthcare solutions. In addition to its merchandise offerings, PETZ operates in-store veterinary clinics, grooming salons and boarding facilities, positioning itself as a one-stop destination for pet owners seeking convenience and expertise.
Founded in 2002 by Aristides V.