Decent Holding Inc. (NASDAQ:DXST) Sees Large Increase in Short Interest

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 438,397 shares, an increase of 948.0% from the September 15th total of 41,833 shares. Currently, 24.2% of the company’s shares are short sold. Based on an average trading volume of 4,001,253 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded 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 research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Decent Trading Up 2.2%

Shares of Decent stock opened at $1.86 on Friday. Decent has a 12-month low of $1.50 and a 12-month high of $62.00. The business’s 50 day moving average is $2.50 and its 200-day moving average is $2.49.

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

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.