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

Decent Holding Inc. (NASDAQ:DXST) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 12,203,627 shares, an increase of 1,614.1% from the February 26th total of 711,958 shares. Currently, 1,241.5% of the shares of the company are sold short. Based on an average trading volume of 235,698,730 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Decent

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC bought a new position in Decent Holding Inc. (NASDAQ:DXST) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.40% of Decent at the end of the most recent reporting period.

Decent Price Performance

NASDAQ DXST traded down $0.19 during trading on Thursday, hitting $3.71. 677,898 shares of the company’s stock traded hands, compared to its average volume of 2,037,575. Decent has a 12-month low of $1.97 and a 12-month high of $62.00. The business has a 50 day moving average of $16.71 and a 200-day moving average of $28.97.

Decent (NASDAQ:DXST) last posted its earnings results on Monday, March 2nd. The company reported $0.12 earnings per share for the quarter. The business had revenue of $3.73 million during the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DXST shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Decent in a research report on Friday, January 9th. Wall Street Zen downgraded Decent to a “strong sell” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.