DevvStream Corp. (NASDAQ:DEVS) Sees Large Decrease in Short Interest

DevvStream Corp. (NASDAQ:DEVS) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 119,942 shares, a decline of 74.2% from the January 15th total of 465,403 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average trading volume of 385,238 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 385,238 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DEVS. Weiss Ratings restated a “sell (e+)” rating on shares of DevvStream in a report on Wednesday, January 21st. Wall Street Zen downgraded DevvStream from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

DevvStream Stock Up 5.5%

Shares of DEVS opened at $0.94 on Wednesday. The company has a 50 day moving average of $1.32 and a two-hundred day moving average of $1.97. DevvStream has a twelve month low of $0.85 and a twelve month high of $13.50. The company has a market cap of $3.61 million, a price-to-earnings ratio of -0.35 and a beta of 0.57.

DevvStream (NASDAQ:DEVS) last issued its quarterly earnings data 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.