DavidsTea Inc (NASDAQ:DTEA) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 182,400 shares, an increase of 69.2% from the June 30th total of 107,800 shares. Based on an average trading volume of 320,300 shares, the short-interest ratio is currently 0.6 days. Currently, 1.3% of the shares of the stock are sold short.

NASDAQ:DTEA traded up $0.02 on Friday, reaching $0.90. The stock had a trading volume of 225,163 shares, compared to its average volume of 376,179. The company has a market cap of $23.49 million, a price-to-earnings ratio of -1.14 and a beta of 2.94. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.83 and a quick ratio of 1.32. The firm’s fifty day moving average is $0.93 and its two-hundred day moving average is $0.96. DavidsTea has a 12-month low of $0.32 and a 12-month high of $2.30.

DavidsTea (NASDAQ:DTEA) last released its earnings results on Monday, June 15th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $54.83 million for the quarter. DavidsTea had a negative net margin of 14.06% and a negative return on equity of 46.75%.

Separately, ValuEngine raised shares of DavidsTea from a “hold” rating to a “buy” rating in a research note on Thursday, June 11th.

DavidsTea Company Profile

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company offers approximately 135 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, and accessories; and food, as well as tea beverages, such as hot or iced tea, and tea lattes. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.

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