Wag! Group Co. (NASDAQ:PET) Short Interest Update

Wag! Group Co. (NASDAQ:PET) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,960,000 shares, a decrease of 13.5% from the November 30th total of 3,420,000 shares. Based on an average daily volume of 2,470,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 12.3% of the company’s stock are sold short.

Wag! Group Stock Performance

Shares of NASDAQ:PET opened at $0.27 on Tuesday. The business’s fifty day moving average price is $0.37 and its two-hundred day moving average price is $0.83. The stock has a market cap of $13.34 million, a PE ratio of -0.69 and a beta of 1.22. Wag! Group has a one year low of $0.14 and a one year high of $2.47.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wag! Group stock. Cowen AND Company LLC purchased a new position in shares of Wag! Group Co. (NASDAQ:PET) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $72,000. Cowen AND Company LLC owned about 0.11% of Wag! Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 86.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Craig Hallum cut Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital downgraded Wag! Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.40.

About Wag! Group

Wag! Group Co develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents. Its platform allows pet parents, who require specific pet care services, such as dog walking, pet sitting and boarding, advice from licensed pet experts, home visits, training, and pet insurance comparison tools.