Delixy Holdings Limited (NASDAQ:DLXY) Sees Significant Growth in Short Interest

Delixy Holdings Limited (NASDAQ:DLXY) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 125,110 shares, an increase of 187.2% from the May 31st total of 43,561 shares. Based on an average daily volume of 1,333,532 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.8% of the company’s stock are sold short.

Delixy Stock Performance

Shares of Delixy stock traded down $0.00 during trading on Friday, reaching $0.49. The company had a trading volume of 432,048 shares, compared to its average volume of 1,401,995. The firm’s fifty day moving average is $0.54 and its 200-day moving average is $0.73. Delixy has a fifty-two week low of $0.34 and a fifty-two week high of $7.16.

Delixy (NASDAQ:DLXY) last issued its quarterly earnings results on Friday, May 1st. The company reported ($0.16) EPS for the quarter. The firm had revenue of $102.87 million for the quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DLXY. Weiss Ratings lowered Delixy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Delixy from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Delixy has a consensus rating of “Sell”.

Delixy Company Profile

Delixy Holdings Limited is a company principally engaged in the trading of oil-related products, including crude oil and oil-based products such as fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals and naphtha. Delixy Holdings Limited is based in Singapore.