Short Interest in DAVIDsTEA Inc. (NASDAQ:DTEA) Grows By 27.6%

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DAVIDsTEA Inc. (NASDAQ:DTEA) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 35,600 shares, a growth of 27.6% from the March 31st total of 27,900 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 643,400 shares, the short-interest ratio is presently 0.1 days.

A hedge fund recently bought a new stake in DAVIDsTEA stock. Jane Street Group LLC acquired a new position in DAVIDsTEA Inc. (NASDAQ:DTEA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,203 shares of the company’s stock, valued at approximately $97,000. Jane Street Group LLC owned approximately 0.15% of DAVIDsTEA as of its most recent SEC filing. 1.11% of the stock is currently owned by hedge funds and other institutional investors.

DTEA stock traded down $0.27 on Tuesday, hitting $3.22. 635,032 shares of the company were exchanged, compared to its average volume of 561,848. DAVIDsTEA has a twelve month low of $0.58 and a twelve month high of $7.45. The business’s fifty day moving average is $3.59 and its two-hundred day moving average is $2.83. The stock has a market capitalization of $84.46 million, a price-to-earnings ratio of -3.37 and a beta of 3.35.


DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company 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, as well as tea beverages, such as hot or iced tea, and tea lattes.

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