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

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 65,092 shares, a growth of 155.0% from the July 30th total of 25,531 shares. Based on an average trading volume of 1,653,126 shares, the short-interest ratio is presently 0.0 days. Currently, 3.6% of the company’s shares are short sold.

Decent Price Performance

Shares of DXST stock opened at $2.63 on Friday. Decent has a 52-week low of $1.50 and a 52-week high of $62.00. The business has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $3.04.

Decent (NASDAQ:DXST) last posted its earnings results on Monday, August 3rd. The company reported ($0.31) EPS for the quarter. The company had revenue of $9.29 million during the quarter.

Wall Street Analyst Weigh In

DXST has been the subject of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Decent in a report on Wednesday, July 29th. Wall Street Zen downgraded Decent from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 128,698 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $5.36, for a total transaction of $689,821.28. Following the completion of the transaction, the insider owned 59,694 shares in the company, valued at $319,959.84. The trade was a 68.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Decent

An institutional investor recently bought a new stake in Decent stock. Jane Street Group LLC bought a new stake in shares of Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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.