TDH Holdings, Inc. (NASDAQ:PETZ) Sees Significant Decline in Short Interest

TDH Holdings, Inc. (NASDAQ:PETZ) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 86,671 shares, a decrease of 54.8% from the May 31st total of 191,646 shares. Based on an average daily trading volume, of 197,245 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.9% of the shares of the company are sold short.

TDH Stock Performance

Shares of NASDAQ:PETZ traded down $0.02 on Tuesday, reaching $1.26. 13,356 shares of the company’s stock were exchanged, compared to its average volume of 233,418. The company has a fifty day moving average of $1.17 and a 200-day moving average of $1.12. TDH has a twelve month low of $0.81 and a twelve month high of $1.82.

TDH (NASDAQ:PETZ) last released its quarterly earnings results on Monday, April 20th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $0.33 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised TDH from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of TDH

An institutional investor recently bought a new stake in TDH stock. Citadel Advisors LLC purchased a new position in TDH Holdings, Inc. (NASDAQ:PETZ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,361 shares of the company’s stock, valued at approximately $38,000. Citadel Advisors LLC owned 0.33% of TDH as of its most recent filing with the Securities and Exchange Commission (SEC). 0.01% of the stock is currently owned by hedge funds and other institutional investors.

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.