December 1, 2016 - By Pete Kolinski · 0 Comments
The stock of Davidstea Incorporated (NASDAQ:DTEA) registered a decrease of 24.8% in short interest. DTEA’s total short interest was 612,000 shares in December as published by FINRA. Its down 24.8% from 813,800 shares, reported previously. With 61,400 shares average volume, it will take short sellers 10 days to cover their DTEA’s short positions. About 42,131 shares traded hands. DavidsTea Inc (NASDAQ:DTEA) has declined 16.45% since April 28, 2016 and is downtrending. It has underperformed by 22.37% the S&P500.
DAVIDsTEA Inc. is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The company has a market cap of $222.72 million. The Company’s divisions include Canada and the U.S. It has a 23.27 P/E ratio. The Firm is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.
Out of 2 analysts covering DAVIDsTEA Inc (NASDAQ:DTEA), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. DAVIDsTEA Inc has been the topic of 3 analyst reports since September 10, 2015 according to StockzIntelligence Inc.
DavidsTea Inc., incorporated on May 21, 2008, is a beverage company, which offers various selection of loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts and accessories. The Firm operates through two divisions: Canada and the United States. The Firm is engaged in the retail of tea and related tea-products. The Firm sells its products through its retail and online channels. The Firm owns and operates approximately 180 DAVIDsTEA stores across the United States and Canada. The Firm offers various teas types, such as white, green, oolong, black, pu’erh, mate, rooibos, herbal and tea matchmaker.
More notable recent DavidsTea Inc (NASDAQ:DTEA) news were published by: Business.Financialpost.com which released: “DavidsTea Inc CEO Sylvain Toutant plans to leave the company in January” on October 21, 2016, also Globenewswire.com with their article: “DAVIDsTEA Inc. Announces Second Quarter Fiscal 2016 Financial Results” published on September 07, 2016, Marketwatch.com published: “David’s Tea Inc. upgraded to outperform at BMO Capital Markets” on December 01, 2011. More interesting news about DavidsTea Inc (NASDAQ:DTEA) were released by: Business.Financialpost.com and their article: “Montreal’s DavidsTea Inc surges 42% in hot U.S. market debut” published on June 05, 2015 as well as Nasdaq.com‘s news article titled: “Archived Event: DAVIDsTEA Inc. (DTEA), Interview with Sylvain Toutant, CEO” with publication date: July 08, 2015.
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By Pete Kolinski