Decent Holding Inc. (NASDAQ:DXST) Sees Large Drop in Short Interest

Decent Holding Inc. (NASDAQ:DXST) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 711,958 shares, a decrease of 67.8% from the February 12th total of 2,208,495 shares. Based on an average trading volume of 2,390,921 shares, the days-to-cover ratio is currently 0.3 days. Approximately 2.9% of the company’s stock are sold short. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 2,390,921 shares, the days-to-cover ratio is currently 0.3 days.

Decent Trading Up 50.4%

Shares of DXST opened at $0.40 on Wednesday. Decent has a fifty-two week low of $0.08 and a fifty-two week high of $2.48. The firm has a 50-day simple moving average of $0.95 and a 200-day simple moving average of $1.24.

Decent (NASDAQ:DXST) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $3.73 million during the quarter.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DXST shares. Weiss Ratings restated a “sell (d-)” rating on shares of Decent in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Decent to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Decent presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC purchased a new position in shares of Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 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.