Decent Holding Inc. (NASDAQ:DXST) Short Interest Up 253.0% in January

Decent Holding Inc. (NASDAQ:DXST) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,063,356 shares, an increase of 253.0% from the January 15th total of 301,259 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily volume of 5,702,707 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 5,702,707 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.3% of the company’s stock are short sold.

Decent Stock Down 35.5%

Decent stock traded down $0.11 during midday trading on Thursday, reaching $0.20. 14,314,487 shares of the company traded hands, compared to its average volume of 21,985,988. The business has a 50 day moving average of $1.37 and a two-hundred day moving average of $1.36. Decent has a 12 month low of $0.16 and a 12 month high of $2.48.

Analyst Ratings Changes

DXST has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Decent in a report on Friday, January 9th. Wall Street Zen upgraded Decent to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Decent

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC purchased a new position in Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 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.