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

Decent Holding Inc. (NASDAQ:DXST) saw a significant growth in short interest in 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. Approximately 24.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,001,253 shares, the short-interest ratio is presently 0.1 days.

Decent Stock Performance

Shares of DXST traded up $0.04 on Friday, hitting $1.86. 84,433 shares of the stock traded hands, compared to its average volume of 1,728,219. The stock’s 50 day moving average is $2.50 and its two-hundred day moving average is $2.49. Decent has a 1 year low of $1.50 and a 1 year high of $62.00.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Decent from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Decent in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.