Duke Robotics Corp (NASDAQ:DUKR) Sees Significant Growth in Short Interest

Duke Robotics Corp (NASDAQ:DUKR) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 46,899 shares, a growth of 96.4% from the May 14th total of 23,882 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average trading volume of 62,180 shares, the days-to-cover ratio is presently 0.8 days.

Duke Robotics Stock Down 7.1%

Duke Robotics stock traded down $0.47 during trading hours on Friday, hitting $6.11. The stock had a trading volume of 108,521 shares, compared to its average volume of 54,354. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $20.84 million, a price-to-earnings ratio of -24.44 and a beta of 2.08. Duke Robotics has a 1-year low of $3.80 and a 1-year high of $14.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Duke Robotics in a research report on Friday, June 5th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Duke Robotics

Duke Robotics Corp (Nasdaq: DUKR) is a Fort Lauderdale, Florida–based company that develops advanced stabilization and autonomous robotic drone systems for both civilian and defense markets. On the civilian side, its Insulator Cleaning Drone (IC Drone) is a drone-enabled system for cleaning and monitoring high-voltage electric utility insulators, and its AEROTRACE platform uses AI-powered aerial monitoring to help infrastructure operators assess assets and prioritize maintenance. In defense, the company holds the intellectual property behind the Bird of Prey, a fully stabilized remote weapon system designed for non-line-of-sight and stand-off engagements, which is marketed by Elbit Systems Land Ltd.