Dogness International Corp – A (NASDAQ: DOGZ) designs and manufactures products for pets. The China-based holding company has a market capitalization of $547M and a 30-day historical volatility of 171%. Over the past 12 months, the stock has traded between $2.90 and $58.50 per share, and closed Monday January 13th at $42.95, up more than 13% since last Monday’s close. We did not see a major news catalyst which we believe would cause the recent price increase.
The Orbisa Securities Lending Dashboard offers metrics which are a result of short-selling directly within your Trader Workstation, Client Portal, and Mobile app. Orbisa data shows the Short Interest Indicator rose 24% to 7.2 from 5.8 at the start of last week while utilization at 99% remained stable. As the share price climbed throughout the week, the borrow fee increased and Shortable Shares decreased. Many speculators run scans of quick upward movements in stock prices and put on short positions, expecting a reversion to the mean. At the open on January 7th, there were 55,000 Shortable Shares available from 6 lending counterparties. By noon, that number was reduced to 1,861. We have seen more short demand but also some supply coming into the market from two small brokers. The borrow fee has fluctuated between 62% and 82% over the past month and presently sits at 71%.
DOGZ Stock Price and Borrow Fee Chart Jan 2024 – Jan 2025
Source: Interactive Brokers Trader Workstation
Past performance is not indicative of future results
DOGZ Utilization in the Securities Lending Market
Source: Interactive Brokers Securities Lending Dashboard. Data is provided by Orbisa.
Past performance is not indicative of future results
You may learn more about utilization here.
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