Davis Commodities Limited (NASDAQ:DTCK) Short Interest Down 95.7% in January

Davis Commodities Limited (NASDAQ:DTCK) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 43,872 shares, a drop of 95.7% from the December 31st total of 1,009,001 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 579,484 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 579,484 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Davis Commodities Trading Down 0.8%

Shares of NASDAQ DTCK traded down $0.00 during mid-day trading on Wednesday, hitting $0.26. 81,159 shares of the company were exchanged, compared to its average volume of 429,600. The stock has a 50 day simple moving average of $0.35 and a 200-day simple moving average of $0.84. Davis Commodities has a 1-year low of $0.23 and a 1-year high of $6.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 1.02.

Davis Commodities (NASDAQ:DTCK) last released its quarterly earnings data on Tuesday, December 23rd. The company reported $0.00 EPS for the quarter. The business had revenue of $47.52 million during the quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on DTCK shares. Weiss Ratings started coverage on shares of Davis Commodities in a report on Saturday, November 1st. They set a “sell (d)” rating on the stock. Wall Street Zen downgraded shares of Davis Commodities to a “strong sell” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Davis Commodities has a consensus rating of “Sell”.

About Davis Commodities

Davis Commodities, Inc is a merchant and supply chain management company specializing in agricultural commodities. Through its subsidiaries, the company sources, trades, and distributes products such as grains, oilseeds, coffee, sugar and related derivatives. Davis offers end-to-end solutions that include risk management, financing, quality control and logistics services to a diverse base of growers, processors and food manufacturers.

Founded in 2019, Davis Commodities completed its initial public offering on the Nasdaq under the ticker DTCK in 2020.