Decent Holding Inc. (NASDAQ:DXST) Short Interest Update

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 12,203,627 shares, a growth of 1,614.1% from the February 26th total of 711,958 shares. Based on an average trading volume of 235,698,730 shares, the short-interest ratio is presently 0.1 days. Currently, 1,241.5% of the company’s stock are sold short. Currently, 1,241.5% of the company’s stock are sold short. Based on an average trading volume of 235,698,730 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Decent

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC purchased a new stake in shares of Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 0.40% of Decent as of its most recent filing with the Securities & Exchange Commission.

Decent Price Performance

NASDAQ DXST traded up $0.89 during trading hours on Tuesday, hitting $4.16. The company’s stock had a trading volume of 655,738 shares, compared to its average volume of 2,845,833. Decent has a 52 week low of $1.97 and a 52 week high of $62.00. The company’s 50-day simple moving average is $17.41 and its two-hundred day simple moving average is $29.15.

Decent (NASDAQ:DXST) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.12 EPS for the quarter. The company had revenue of $3.73 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Decent in a research report on Friday, January 9th. Wall Street Zen lowered shares of Decent to a “strong sell” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.