Davis Commodities Limited (NASDAQ:DTCK) Sees Significant Decline in Short Interest

Davis Commodities Limited (NASDAQ:DTCK) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 33,690 shares, a decline of 41.5% from the January 29th total of 57,556 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 404,314 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 404,314 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Davis Commodities

An institutional investor recently bought a new position in Davis Commodities stock. HRT Financial LP bought a new stake in shares of Davis Commodities Limited (NASDAQ:DTCK) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned 0.44% of Davis Commodities as of its most recent filing with the SEC. 81.83% of the stock is currently owned by institutional investors.

Davis Commodities Stock Performance

DTCK stock opened at $0.10 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a 50-day moving average price of $4.55 and a two-hundred day moving average price of $14.33. Davis Commodities has a 12-month low of $0.09 and a 12-month high of $6.89.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Davis Commodities in a research note on Thursday, January 29th. Wall Street Zen cut shares of 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, the stock has an average 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.