Wag! Group Co. (NASDAQ:PET) Short Interest Update

Wag! Group Co. (NASDAQ:PET) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 2,960,000 shares, a drop of 13.5% from the November 30th total of 3,420,000 shares. Based on an average daily trading volume, of 2,470,000 shares, the short-interest ratio is presently 1.2 days. Approximately 12.3% of the company’s stock are sold short.

Wag! Group Trading Down 11.1 %

Shares of Wag! Group stock opened at $0.24 on Wednesday. The stock has a market cap of $11.87 million, a PE ratio of -0.61 and a beta of 1.22. The company has a 50-day moving average of $0.36 and a two-hundred day moving average of $0.83. Wag! Group has a 12-month low of $0.14 and a 12-month high of $2.47.

Institutional Trading of Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC raised its stake in Wag! Group Co. (NASDAQ:PET) by 156.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the quarter. Wag! Group makes up 0.9% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC owned approximately 4.55% of Wag! Group worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 86.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Craig Hallum lowered shares of Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Lake Street Capital downgraded shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wag! Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.40.

About Wag! Group

Wag! Group Co develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents. Its platform allows pet parents, who require specific pet care services, such as dog walking, pet sitting and boarding, advice from licensed pet experts, home visits, training, and pet insurance comparison tools.