Decent Holding Inc. (NASDAQ:DXST) Short Interest Up 253.0% in January

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,063,356 shares, a growth of 253.0% from the January 15th total of 301,259 shares. Based on an average trading volume of 5,702,707 shares, the short-interest ratio is presently 0.2 days. Approximately 4.3% of the shares of the company are short sold. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 5,702,707 shares, the short-interest ratio is presently 0.2 days.

Decent Price Performance

NASDAQ:DXST traded up $0.02 during trading hours on Friday, reaching $0.22. The company’s stock had a trading volume of 19,024,725 shares, compared to its average volume of 16,127,180. The firm has a 50-day simple moving average of $1.37 and a 200-day simple moving average of $1.36. Decent has a 1 year low of $0.16 and a 1 year high of $2.48.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DXST shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Decent in a report on Friday, January 9th. Wall Street Zen upgraded shares of Decent to a “hold” rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Decent

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC purchased a new position in Decent Holding Inc. (NASDAQ:DXST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 0.40% of Decent at the end of the most recent reporting period.

Decent Company Profile

Decent Holding, Inc engages in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration, and river ecosystem management. Its products and services include river water quality management and microbial products for water quality enhancement and pollutant cleansing purposes. The company was founded by Ding Xin Sun on January 6, 2022 and is headquartered in Yantai, China.