Dogness (International) (NASDAQ:DOGZ) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Dogness (International) has received a "sell (D-)" rating from Weiss Ratings, indicating potential concerns about the company's stock performance.
• Despite the negative rating, shares of Dogness traded up by 2.9% during mid-day trading, reaching $13.86, with a notable trading volume disparity compared to its average.
• A hedge fund, Tower Research Capital LLC TRC, significantly increased its stake in Dogness by 687.5%, reflecting growing institutional interest despite the sell rating.

Dogness (International) (NASDAQ:DOGZ - Get Free Report)'s stock had its "sell (d-)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Dogness (International) Trading Up 2.9%

Shares of NASDAQ DOGZ traded up $0.39 during mid-day trading on Wednesday, reaching $13.86. The company had a trading volume of 29,702 shares, compared to its average volume of 678,858. Dogness has a twelve month low of $6.81 and a twelve month high of $58.50. The stock's 50 day moving average is $12.05 and its 200-day moving average is $17.22.

Hedge Funds Weigh In On Dogness (International)

A hedge fund recently raised its stake in Dogness (International) stock. Tower Research Capital LLC TRC boosted its holdings in shares of Dogness (International) Corporation (NASDAQ:DOGZ - Free Report) by 687.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,953 shares of the company's stock after buying an additional 2,578 shares during the quarter. Tower Research Capital LLC TRC's holdings in Dogness (International) were worth $48,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.12% of the company's stock.

About Dogness (International)

Dogness (International) Corporation, through its subsidiaries, designs, manufactures, and sells fashionable products for dogs and cats worldwide. The company provides pet leashes, pet collars, pet harnesses, and retractable leashes, as well as lanyards; gift suspenders, pet belt ribbons, laces, elastic belts, computer jacquard ribbons, and high-grade textile laces; mouth covers and pet charms; climbing hooks; and intelligent pet products, such as app-controlled pet feeders, pet water fountains, and smart pet toys, as well as pet shampoos.

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