Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

Davis Commodities Limited (NASDAQ:DTCK) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 57,556 shares, a growth of 31.2% from the January 15th total of 43,872 shares. Based on an average daily volume of 329,924 shares, the short-interest ratio is currently 0.2 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 daily volume of 329,924 shares, the short-interest ratio is currently 0.2 days.

Davis Commodities Trading Up 3.3%

Shares of Davis Commodities stock traded up $0.01 during trading on Tuesday, reaching $0.19. The stock had a trading volume of 76,896 shares, compared to its average volume of 426,651. 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 52 week low of $0.16 and a 52 week high of $6.89. The stock has a fifty day moving average price of $5.67 and a two-hundred day moving average price of $15.34.

Davis Commodities (NASDAQ:DTCK) last released its earnings results on Tuesday, December 23rd. The company reported $0.02 EPS for the quarter. The firm had revenue of $47.52 million during the quarter.

Institutional Investors Weigh In On Davis Commodities

An institutional investor recently bought a new position in Davis Commodities stock. HRT Financial LP acquired a new position in shares of Davis Commodities Limited (NASDAQ:DTCK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned about 0.44% of Davis Commodities at the end of the most recent reporting period. Institutional investors own 81.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DTCK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Davis Commodities in a research note on Thursday, January 29th. Wall Street Zen lowered Davis Commodities to a “strong sell” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Davis Commodities Company Profile

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.