Wag! Group Co. (NASDAQ:PET) Short Interest Down 13.5% in December

Wag! Group Co. (NASDAQ:PET) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,960,000 shares, a decrease of 13.5% from the November 30th total of 3,420,000 shares. Based on an average trading volume of 2,470,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 12.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC grew its stake in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the period. Wag! Group comprises about 0.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 86.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Lake Street Capital downgraded Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Craig Hallum downgraded Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Two research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $4.40.

Wag! Group Trading Down 5.1 %

Shares of NASDAQ PET opened at $0.23 on Monday. Wag! Group has a 12-month low of $0.14 and a 12-month high of $2.47. The company has a market cap of $11.21 million, a PE ratio of -0.58 and a beta of 1.22. The stock has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.84.

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.