Decent Holding Inc. (NASDAQ:DXST) Short Interest Update

Decent Holding Inc. (NASDAQ:DXSTGet Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 9,773 shares, a decline of 71.7% from the June 15th total of 34,512 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 100,680 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several research firms recently commented on DXST. Weiss Ratings reiterated a “sell (d)” rating on shares of Decent in a research report on Friday, May 1st. Wall Street Zen raised shares of Decent from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Decent currently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Decent

Decent Stock Down 0.9%

Decent stock traded down $0.02 during mid-day trading on Monday, reaching $2.30. 36,412 shares of the company were exchanged, compared to its average volume of 1,764,592. Decent has a twelve month low of $1.50 and a twelve month high of $62.00. The firm’s 50-day simple moving average is $2.32 and its two-hundred day simple moving average is $11.41.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt sold 128,698 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $5.36, for a total value of $689,821.28. Following the completion of the sale, the insider directly owned 59,694 shares of the company’s stock, valued at approximately $319,959.84. This represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Decent

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC acquired a new stake in Decent Holding Inc. (NASDAQ:DXSTFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.40% of Decent at the end of the most recent reporting period.

About Decent

(Get Free Report)

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.

Further Reading

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