Davis Commodities Limited (NASDAQ:DTCK) Sees Large Decrease in Short Interest

Davis Commodities Limited (NASDAQ:DTCK) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 43,900 shares, a decline of 35.6% from the February 29th total of 68,200 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 143,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Davis Commodities

Hedge funds and other institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise bought a new stake in shares of Davis Commodities during the 3rd quarter worth approximately $41,000. UBS Group AG bought a new stake in shares of Davis Commodities during the 3rd quarter worth approximately $428,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Davis Commodities during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 81.83% of the company’s stock.

Davis Commodities Price Performance

Davis Commodities stock remained flat at $1.04 during midday trading on Friday. 14,347 shares of the company’s stock traded hands, compared to its average volume of 66,116. Davis Commodities has a twelve month low of $0.76 and a twelve month high of $9.00. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $1.05.

Davis Commodities Company Profile

Davis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Asia, Africa, and the Middle East. The company trades in agricultural commodities, including sugar, rice, and oil and fat products under the Maxwill, Lin, and Taffy brands. It also provides warehouse storage and logistic, as well as agency services.