Does Davidstea Incorporated (NASDAQ:DTEA) Have Gas After Even Less Sellers Involved?

February 11, 2018 - By Winifred Garcia

 Does Davidstea Incorporated (NASDAQ:DTEA) Have Gas After Even Less Sellers Involved?

The stock of Davidstea Incorporated (NASDAQ:DTEA) registered a decrease of 15.06% in short interest. DTEA’s total short interest was 106,600 shares in February as published by FINRA. Its down 15.06% from 125,500 shares, reported previously. With 55,400 shares average volume, it will take short sellers 2 days to cover their DTEA’s short positions. The short interest to Davidstea Incorporated’s float is 1.46%.

The stock decreased 6.58% or $0.25 during the last trading session, reaching $3.55. About 22,631 shares traded. DAVIDsTEA Inc. (NASDAQ:DTEA) has declined 44.49% since February 11, 2017 and is downtrending. It has underperformed by 61.19% the S&P500.

DAVIDsTEA Inc. operates as a retailer of specialty tea in Canada and the United States. The company has market cap of $91.75 million. The firm offers approximately 150 loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts, accessories, and food and beverages in the white, green, oolong, black, puÂ’erh, mate, rooibos, and herbal tea categories. It currently has negative earnings. As of May 24, 2016, the firm owned and operated 198 DAVIDsTEA stores throughout the United States and Canada, as well as through its Website,

DAVIDsTEA Inc. (NASDAQ:DTEA) Ratings Coverage

Among 3 analysts covering DAVIDsTEA Inc (NASDAQ:DTEA), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. DAVIDsTEA Inc had 8 analyst reports since September 10, 2015 according to SRatingsIntel. BMO Capital Markets maintained DAVIDsTEA Inc. (NASDAQ:DTEA) rating on Thursday, September 7. BMO Capital Markets has “Hold” rating and $5.5 target. The rating was downgraded by William Blair to “Market Perform” on Friday, December 9. On Friday, December 9 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. Bank of America downgraded DAVIDsTEA Inc. (NASDAQ:DTEA) on Tuesday, December 13 to “Underperform” rating. As per Wednesday, June 7, the company rating was maintained by BMO Capital Markets.

More notable recent DAVIDsTEA Inc. (NASDAQ:DTEA) news were published by: which released: “DAVIDsTEA Appoints Joel Silver as President and Chief Executive Officer” on March 13, 2017, also with their article: “DAVIDsTEA Inc. Announces Third Quarter Fiscal 2017 Financial Results” published on December 07, 2017, published: “DAVIDsTEA Inc. Announces First Quarter Fiscal 2017 Financial Results” on June 07, 2017. More interesting news about DAVIDsTEA Inc. (NASDAQ:DTEA) were released by: and their article: “DAVIDsTEA Inc. Announces First Quarter Fiscal 2017 Earnings Conference Call” published on May 24, 2017 as well as‘s news article titled: “DAVIDsTEA Inc. Announces Fourth Quarter and Full Year 2016 Earnings Conference …” with publication date: March 13, 2017.

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