Decent Holding Inc. (NASDAQ:DXST – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 34,512 shares, a growth of 129.0% from the May 31st total of 15,072 shares. Currently, 3.5% of the company’s shares are short sold. Based on an average daily volume of 9,229,335 shares, the days-to-cover ratio is presently 0.0 days.
Insider Transactions at Decent
In other Decent news, major shareholder Financial Lp Hrt sold 128,698 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $5.36, for a total transaction of $689,821.28. Following the completion of the transaction, the insider owned 59,694 shares in the company, valued at approximately $319,959.84. This trade represents a 68.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Hedge Funds Weigh In On Decent
A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC purchased a new stake in Decent Holding Inc. (NASDAQ:DXST – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing 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 0.40% of Decent at the end of the most recent quarter.
Decent Stock Performance
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Decent from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Read Our Latest Analysis on DXST
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.
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