Could Petiq Inc – Class A (NASDAQ:PETQ) Change Direction After More Shorts?

June 5, 2018 - By Clifton Ray

The stock of Petiq Inc – Class A (NASDAQ:PETQ) registered an increase of 9.67% in short interest. PETQ’s total short interest was 4.12M shares in June as published by FINRA. Its up 9.67% from 3.76M shares, reported previously. With 358,400 shares average volume, it will take short sellers 12 days to cover their PETQ’s short positions. The short interest to Petiq Inc – Class A’s float is 58.98%.

The stock decreased 0.45% or $0.09 during the last trading session, reaching $20.1. About 124,143 shares traded. PetIQ, Inc. (NASDAQ:PETQ) has 0.00% since June 5, 2017 and is . It has underperformed by 12.57% the S&P500.

PetIQ, Inc. develops, manufactures, and sells pet medications, and health and wellness products for dogs and cats in the United States, Canada, and Europe. The company has market cap of $516.39 million. It offers pet prescription medications, including products for arthritis, thyroid, and diabetes and pain treatments, as well as heartworm preventatives, antibiotics, and other specialty medications; over-the-counter medications and supplies, such as flea and tick control products in various forms comprising spot on treatments, chewables, and collars; and health and wellness products consisting of specialty treats and other pet products, which include dental treats and nutritional supplements. It currently has negative earnings. The firm provides its products under the PetIQ, PetAction, Advecta, PetLock, Heart Shield, TruProfen, Betsy Farms, Minties, Vera, Delightibles, vetGuard, MimiÂ’s Market, PAWS IQ, VET + CHOICE, VET WORKS, TEX RANCH and VetIQ brands.

More important recent PetIQ, Inc. (NASDAQ:PETQ) news were published by: Nasdaq.com which released: “PetIQ, Inc. Reports First Quarter 2018 Financial Results” on May 15, 2018, also Investorplace.com published article titled: “Buy These 7 Small-Cap Stocks for Their Emerging Opportunities”, Seekingalpha.com published: “PetIQ’s (PETQ) CEO McCord Christensen on Q1 2018 Results – Earnings Call Transcript” on May 16, 2018. More interesting news about PetIQ, Inc. (NASDAQ:PETQ) was released by: Streetinsider.com and their article: “PetIQ, Inc. (PETQ) Misses Q1 EPS by 18c, Beats on Revenues; Offers FY18 Revenue Mid-Point Outlook Below …” with publication date: May 15, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.