Decent Holding Inc. (NASDAQ:DXST) Shares Shorted: Short Interest Down 86.8% in October

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 57,723 shares, a decrease of 86.8% from the September 30th total of 438,397 shares. Based on an average daily trading volume, of 257,544 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.2% of the company’s stock are sold short.

Decent Stock Performance

Shares of DXST stock opened at $1.12 on Thursday. Decent has a 1 year low of $1.06 and a 1 year high of $62.00. The business’s fifty day moving average is $2.19 and its 200-day moving average is $6.49.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on DXST. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a report on Tuesday. Wall Street Zen downgraded Decent from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Decent

Decent Holding Inc is a holding company that conducts its operations through subsidiaries in Hong Kong. The company provides interior design, renovation and fitting-out services for residential and commercial properties.

Its services generally encompass project planning, design development, construction coordination and related renovation work. Decent serves property owners and other clients seeking design and improvement services for interior spaces in Hong Kong.

The company is incorporated in the Cayman Islands and operates primarily through its Hong Kong-based business.