Decent Holding Inc. (NASDAQ:DXST) Short Interest Up 1,614.1% in March

Decent Holding Inc. (NASDAQ:DXST) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 12,203,627 shares, a growth of 1,614.1% from the February 26th total of 711,958 shares. Currently, 1,241.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 235,698,730 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 235,698,730 shares, the short-interest ratio is currently 0.1 days. Currently, 1,241.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Decent in a research note on Friday, January 9th. Wall Street Zen downgraded Decent to a “strong sell” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Decent Price Performance

Decent stock opened at $4.16 on Wednesday. Decent has a fifty-two week low of $1.97 and a fifty-two week high of $62.00. The firm’s 50 day simple moving average is $17.41 and its 200-day simple moving average is $29.15.

Decent (NASDAQ:DXST) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.12 EPS for the quarter. The firm had revenue of $3.73 million during the quarter.

Institutional Trading of Decent

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC bought a new position in Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 0.40% of Decent as of its most recent SEC filing.

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.