Decent Holding Inc. (NASDAQ:DXST) Shares Shorted: Short Interest Down 86.8% in October

Decent Holding Inc. (NASDAQ:DXST) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 57,723 shares, a decline of 86.8% from the September 30th total of 438,397 shares. Based on an average daily volume of 257,544 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DXST shares. Wall Street Zen cut shares of Decent from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Decent presently has a consensus rating of “Sell”.

Decent Stock Down 2.2%

Decent stock traded down $0.03 during midday trading on Tuesday, reaching $1.14. The stock had a trading volume of 13,260 shares, compared to its average volume of 1,630,008. The firm’s fifty day simple moving average is $2.24 and its 200-day simple moving average is $6.85. Decent has a 1-year low of $1.06 and a 1-year high of $62.00.

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

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.