Short Interest in Davis Commodities Limited (NASDAQ:DTCK) Drops By 41.5%

Davis Commodities Limited (NASDAQ:DTCK) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 33,690 shares, a decrease of 41.5% from the January 29th total of 57,556 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 404,314 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 404,314 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Davis Commodities Stock Up 0.8%

Shares of NASDAQ:DTCK opened at $0.10 on Friday. Davis Commodities has a 1 year low of $0.09 and a 1 year high of $6.89. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $14.32.

Davis Commodities (NASDAQ:DTCK) last issued its earnings results on Tuesday, December 23rd. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $47.52 million during the quarter.

Hedge Funds Weigh In On Davis Commodities

An institutional investor recently bought a new position in Davis Commodities stock. HRT Financial LP bought a new stake in Davis Commodities Limited (NASDAQ:DTCK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned about 0.44% of Davis Commodities as of its most recent SEC filing. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Davis Commodities in a research report on Thursday, January 29th. Wall Street Zen downgraded Davis Commodities to a “strong sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Davis Commodities

Davis Commodities, Inc is a merchant and supply chain management company specializing in agricultural commodities. Through its subsidiaries, the company sources, trades, and distributes products such as grains, oilseeds, coffee, sugar and related derivatives. Davis offers end-to-end solutions that include risk management, financing, quality control and logistics services to a diverse base of growers, processors and food manufacturers.

Founded in 2019, Davis Commodities completed its initial public offering on the Nasdaq under the ticker DTCK in 2020.