Davis Commodities Limited (NASDAQ:DTCK) Short Interest Up 32.1% in February

Davis Commodities Limited (NASDAQ:DTCK) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 44,496 shares, an increase of 32.1% from the February 12th total of 33,690 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 9,141,076 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 9,141,076 shares, the short-interest ratio is currently 0.0 days. Approximately 0.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

DTCK has been the topic of a number of recent analyst reports. Wall Street Zen lowered Davis Commodities to a “strong sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Davis Commodities in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Davis Commodities

A hedge fund recently bought a new stake in Davis Commodities stock. HRT Financial LP purchased a new position in Davis Commodities Limited (NASDAQ:DTCK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned about 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.

Davis Commodities Trading Down 8.4%

DTCK opened at $1.52 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02. Davis Commodities has a 52 week low of $1.32 and a 52 week high of $137.80. The business has a 50 day moving average of $63.40 and a 200-day moving average of $262.80.

Davis Commodities (NASDAQ:DTCK) last posted its quarterly earnings data on Tuesday, December 23rd. The company reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $47.52 million during the quarter.

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.