Decent Holding Inc. (NASDAQ:DXST) Sees Significant Growth in Short Interest

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 2,208,495 shares, an increase of 107.7% from the January 29th total of 1,063,356 shares. Based on an average daily volume of 41,377,340 shares, the short-interest ratio is presently 0.1 days. Currently, 9.0% of the company’s stock are sold short. Currently, 9.0% of the company’s stock are sold short. Based on an average daily volume of 41,377,340 shares, the short-interest ratio is presently 0.1 days.

Decent Stock Performance

NASDAQ DXST traded down $0.01 on Friday, hitting $0.11. 2,470,767 shares of the company’s stock traded hands, compared to its average volume of 22,141,476. Decent has a 1-year low of $0.10 and a 1-year high of $2.48. The firm’s 50-day moving average price is $1.10 and its two-hundred day moving average price is $1.29.

Analyst Ratings Changes

Several equities analysts recently commented on DXST shares. Wall Street Zen raised shares of Decent to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Decent in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Decent

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC purchased a new stake in Decent Holding Inc. (NASDAQ:DXST) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned approximately 0.40% of Decent at the end of the most recent 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.