Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

Davis Commodities Limited (NASDAQ:DTCK) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 44,496 shares, an increase of 32.1% from the February 12th total of 33,690 shares. Based on an average trading volume of 9,141,076 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 9,141,076 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Davis Commodities

An institutional investor recently bought a new position in Davis Commodities stock. HRT Financial LP purchased a new stake in shares of Davis Commodities Limited (NASDAQ:DTCK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned 0.44% of Davis Commodities at the end of the most recent quarter. 81.83% of the stock is owned by hedge funds and other institutional investors.

Davis Commodities Price Performance

DTCK stock traded down $0.14 on Monday, hitting $1.52. 176,156 shares of the company were exchanged, compared to its average volume of 936,835. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02. Davis Commodities has a twelve month low of $1.32 and a twelve month high of $137.80. The business’s fifty day moving average is $66.12 and its two-hundred day moving average is $264.90.

Davis Commodities (NASDAQ:DTCK) last announced its quarterly earnings results on Tuesday, December 23rd. The company reported $0.40 earnings per share for the quarter. The company had revenue of $47.52 million during the quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DTCK shares. Wall Street Zen downgraded Davis Commodities to a “strong sell” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Davis Commodities in a report on Thursday, January 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Davis Commodities presently 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.