Investors are feeling more bullish on shares of the company of late at least if you consider the change in short interest. The stock realized a fall in short interest of -5.10% between September 29, 2017 and October 13, 2017. Short shares decreased 5,630 over that period. With short interest at 104,838 and short average daily volume at 18,148, the short-interest ratio is 6.0 and the percentage of shorted shares is inf% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (DTEA). As of the end of the quarter Osmium Partners, LLC had acquired 743,043 shares growing its position 1,486.1%. The value of the investment in (DTEA) went from $368,000 to $4,639,000 a change of 1,160.6% quarter over quarter. As of quarter end Fiera Capital Corp had sold a total of 58,500 shares trimming its holdings by 79.6%. The value of the company’s investment in Davidstea Inc Cm Stk decreased from $540,000 to $88,000 a change of $452,000 since the last quarter.
Ubs Group Ag expanded its investment by buying 1,118 shares an increase of 199.3% from 03/31/2017 to 06/30/2017. Ubs Group Ag now holds 1,679 shares valued at $10,000. The value of the position overall is up by 150.0%. Cutler Group LP cut its position by shedding 261 shares a decrease of 11.3%. Cutler Group LP owns 2,039 shares worth $8,000. The total value of its holdings decreased 38.5%.
In the market the company is trading up from yesterday’s close of 15.01.
DavidsTea Inc., launched on May 21, 2008, is a beverage company, which offers various selection of loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts and accessories. The Company operates through two segments: Canada and the United States. The Company is involved in the retail of tea and related tea-products. The Company sells its products through its retail and online channels. The Company owns and operates approximately 180 DAVIDsTEA stores across the United States and Canada. The Company offers various teas types, such as white, green, oolong, black, pu’erh, mate, rooibos, herbal and tea matchmaker..Advertisement