Decent Holding Inc. (NASDAQ:DXST) Short Interest Up 129.0% in June

Decent Holding Inc. (NASDAQ:DXST) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 34,512 shares, an increase of 129.0% from the May 31st total of 15,072 shares. Based on an average daily volume of 9,229,335 shares, the short-interest ratio is presently 0.0 days. Currently, 3.5% of the company’s shares are sold short.

Decent Trading Up 5.3%

Shares of NASDAQ DXST traded up $0.10 during midday trading on Tuesday, reaching $2.10. 16,494 shares of the stock were exchanged, compared to its average volume of 1,845,187. Decent has a 12 month low of $1.50 and a 12 month high of $62.00. The business has a 50-day simple moving average of $2.34 and a two-hundred day simple moving average of $13.45.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a research note on Friday, May 1st. Wall Street Zen raised Decent from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Insider Transactions at Decent

In other news, major shareholder Financial Lp Hrt sold 128,698 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $5.36, for a total value of $689,821.28. Following the transaction, the insider owned 59,694 shares of the company’s stock, valued at approximately $319,959.84. This trade represents a 68.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC acquired a new stake in shares of Decent Holding Inc. (NASDAQ:DXST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned approximately 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.