Short Interest in Davis Commodities Limited (NASDAQ:DTCK) Expands By 31.2%

Davis Commodities Limited (NASDAQ:DTCK) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 57,556 shares, an increase of 31.2% from the January 15th total of 43,872 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 329,924 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 329,924 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Davis Commodities Stock Down 2.3%

Shares of DTCK opened at $0.18 on Wednesday. The company’s 50-day moving average is $5.53 and its 200-day moving average is $15.22. 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 fifty-two week low of $0.16 and a fifty-two week high of $6.89.

Davis Commodities (NASDAQ:DTCK) last announced its quarterly earnings results on Tuesday, December 23rd. The company reported $0.02 EPS for the quarter. The company had revenue of $47.52 million during the quarter.

Analyst Ratings Changes

DTCK has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Davis Commodities in a research note on Thursday, January 29th. Wall Street Zen cut Davis Commodities to a “strong sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Davis Commodities

A hedge fund recently bought a new stake in Davis Commodities stock. HRT Financial LP purchased a new stake in Davis Commodities Limited (NASDAQ:DTCK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned 0.44% of Davis Commodities at the end of the most recent reporting period. Institutional investors and hedge funds own 81.83% of the company’s stock.

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.