PetIQ Inc (NASDAQ:PETQ) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,210,226 shares, a growth of 46.4% from the November 15th total of 1,509,340 shares. Based on an average trading volume of 263,966 shares, the days-to-cover ratio is presently 8.4 days. Approximately 17.0% of the company’s shares are short sold.

Separately, Jefferies Group upped their price target on shares of PetIQ from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Six equities research analysts have rated the stock with a buy rating, PetIQ has an average rating of “Buy” and a consensus price target of $27.20.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eos Management L.P. acquired a new position in shares of PetIQ during the third quarter valued at about $143,836,000. Wasatch Advisors Inc. acquired a new position in shares of PetIQ during the third quarter valued at about $7,229,000. Cortina Asset Management LLC acquired a new position in shares of PetIQ during the third quarter valued at about $5,956,000. Pier Capital LLC acquired a new position in shares of PetIQ during the third quarter valued at about $5,842,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of PetIQ during the third quarter valued at about $5,578,000. Hedge funds and other institutional investors own 56.49% of the company’s stock.

PetIQ (NASDAQ PETQ) opened at $21.27 on Wednesday. PetIQ has a fifty-two week low of $17.03 and a fifty-two week high of $28.23. The company has a current ratio of 6.83, a quick ratio of 4.67 and a debt-to-equity ratio of 0.19.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/petiq-inc-petq-short-interest-up-46-4-in-november/1773666.html.

About PetIQ

PetIQ, Inc is engaged in manufacturing and distributing pet medication and health and wellness products to the retail channel in the United States. The Company provides retail stores with third-party brands, including Frontline Plus, Heartgard Plus, PetAction Plus, Advecta II, Pet Lock Plus, Pet Lock Max, TruProfen and Heartshield.

Receive News & Ratings for PetIQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetIQ and related companies with MarketBeat.com's FREE daily email newsletter.