Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

Davis Commodities Limited (NASDAQ:DTCK) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,009,001 shares, a growth of 1,441.5% from the December 15th total of 65,457 shares. Based on an average daily volume of 15,709,465 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.7% of the shares of the company are short sold. Currently, 3.7% of the shares of the company are short sold. Based on an average daily volume of 15,709,465 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

DTCK has been the subject of a number of recent analyst reports. Wall Street Zen lowered Davis Commodities to a “strong sell” rating in a report on Saturday, November 22nd. Weiss Ratings initiated coverage on Davis Commodities in a report on Saturday, November 1st. They set a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Davis Commodities Trading Up 3.9%

Shares of NASDAQ:DTCK opened at $0.36 on Tuesday. The stock’s 50 day moving average price is $0.81 and its 200 day moving average price is $0.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.02 and a quick ratio of 1.02. Davis Commodities has a 12 month low of $0.23 and a 12 month high of $6.89.

About Davis Commodities

Davis Commodities, Inc is a merchant and supply chain management company specializing in agricultural commodities. Through its subsidiaries, the company sources, trades, and distributes products such as grains, oilseeds, coffee, sugar and related derivatives. Davis offers end-to-end solutions that include risk management, financing, quality control and logistics services to a diverse base of growers, processors and food manufacturers.

Founded in 2019, Davis Commodities completed its initial public offering on the Nasdaq under the ticker DTCK in 2020.