DAVIDsTEA Inc. (NASDAQ:DTEA – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 158,000 shares, a decrease of 39.5% from the April 30th total of 261,200 shares. Based on an average trading volume of 35,300 shares, the days-to-cover ratio is currently 4.5 days. Approximately 1.4% of the shares of the company are sold short.
A hedge fund recently raised its stake in DAVIDsTEA stock. Virtu Financial LLC increased its stake in shares of DAVIDsTEA Inc. (NASDAQ:DTEA – Get Rating) by 98.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,643 shares of the company’s stock after buying an additional 10,764 shares during the quarter. Virtu Financial LLC owned about 0.08% of DAVIDsTEA worth $67,000 at the end of the most recent reporting period. 11.92% of the stock is currently owned by hedge funds and other institutional investors.
Separately, StockNews.com began coverage on shares of DAVIDsTEA in a report on Saturday, May 21st. They issued a “hold” rating on the stock.
About DAVIDsTEA (Get Rating)
DAVIDsTEA Inc operates as a specialty tea retailer in Canada and the United States. It offers loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts; tea accessories, including tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles, infusers, filters, frothers, tins, and spoons; and food and beverages.
- Get a free copy of the StockNews.com research report on DAVIDsTEA (DTEA)
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