Decent Holding Inc. (NASDAQ:DXST) Shares Shorted: Short Interest Up 948.0% in September

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 438,397 shares, a growth of 948.0% from the September 15th total of 41,833 shares. Based on an average daily volume of 4,001,253 shares, the short-interest ratio is presently 0.1 days. Approximately 24.2% of the shares of the stock are sold short.

Decent Stock Up 2.2%

Decent stock traded up $0.04 during trading hours on Friday, hitting $1.86. The stock had a trading volume of 84,433 shares, compared to its average volume of 1,728,219. Decent has a 1-year low of $1.50 and a 1-year high of $62.00. The stock’s fifty day moving average is $2.50 and its two-hundred day moving average is $2.49.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Decent in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Decent from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

About Decent

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.