Decent Holding Inc. (NASDAQ:DXST) Short Interest Down 35.5% in April

Decent Holding Inc. (NASDAQ:DXST) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 16,432 shares, a drop of 35.5% from the April 15th total of 25,463 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 45,237 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DXST. Weiss Ratings reiterated a “sell (d)” rating on shares of Decent in a report on Friday, May 1st. Wall Street Zen upgraded shares of Decent from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Decent has an average rating of “Sell”.

Hedge Funds Weigh In On Decent

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC purchased a new position in shares of Decent Holding Inc. (NASDAQ:DXST) during the 4th quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

Decent Stock Performance

NASDAQ:DXST traded up $0.02 during mid-day trading on Monday, hitting $1.80. 8,190 shares of the company’s stock traded hands, compared to its average volume of 1,311,698. The firm’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $21.06. Decent has a 1 year low of $1.70 and a 1 year high of $62.00.

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 $3.69 million for the quarter.

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.