Short Interest in Decent Holding Inc. (NASDAQ:DXST) Declines By 71.7%

Decent Holding Inc. (NASDAQ:DXST) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 9,773 shares, a drop of 71.7% from the June 15th total of 34,512 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 100,680 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

DXST has been the subject of a number of recent research reports. Wall Street Zen raised shares of Decent from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Decent Stock Performance

Shares of NASDAQ DXST traded down $0.02 during trading hours on Tuesday, hitting $2.28. 11,409 shares of the stock were exchanged, compared to its average volume of 1,751,316. The company’s fifty day simple moving average is $2.33 and its two-hundred day simple moving average is $11.20. Decent has a 1-year low of $1.50 and a 1-year high of $62.00.

Insider Transactions at Decent

In related news, major shareholder Financial Lp Hrt sold 128,698 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $5.36, for a total value of $689,821.28. Following the completion of the sale, the insider directly owned 59,694 shares in the company, valued at $319,959.84. The trade was a 68.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Decent

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

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.