- The company makes pet products in China and has been shifting its business towards smart products.
- It seems that Dogness could see significant growth in sales in FY22, but this hardly justifies a market valuation of $243.3 million.
- There could be significant retail investor interest as the company is popular on several social media websites.
- I think this one looks like a sell, and put options could be a more viable idea than short-selling as the short borrow fee rate stands at over 60%.
For further details see:
Dogness Looks Overvalued Based On Fundamentals