Decent Holding Inc. (NASDAQ:DXST) Short Interest Update

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 65,092 shares, a growth of 155.0% from the July 30th total of 25,531 shares. Based on an average daily volume of 1,653,126 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.6% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Insider Buying and Selling at Decent

In other news, major shareholder Financial Lp Hrt sold 128,698 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $5.36, for a total value of $689,821.28. Following the completion of the sale, the insider owned 59,694 shares of the company’s stock, valued at $319,959.84. This represents a 68.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Decent

A hedge fund recently bought a new position in Decent stock. Jane Street Group LLC bought a new stake in Decent Holding Inc. (NASDAQ:DXST) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned approximately 0.40% of Decent as of its most recent SEC filing.

Decent Stock Performance

Shares of DXST stock remained flat at $2.63 during mid-day trading on Friday. The company’s stock had a trading volume of 26,458 shares, compared to its average volume of 1,553,350. Decent has a 12 month low of $1.50 and a 12 month high of $62.00. The firm’s 50-day moving average price is $2.39 and its two-hundred day moving average price is $3.04.

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