Decent Holding Inc. (NASDAQ:DXST) Sees Large Increase in Short Interest

Decent Holding Inc. (NASDAQ:DXSTGet Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 65,092 shares, an increase of 155.0% from the July 30th total of 25,531 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily volume of 1,653,126 shares, the short-interest ratio is presently 0.0 days.

Insider Buying and Selling

In other Decent news, major shareholder Financial Lp Hrt sold 128,698 shares of the stock in a transaction 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 transaction, the insider directly owned 59,694 shares in the company, valued at approximately $319,959.84. This trade represents a 68.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Decent Stock Performance

Shares of NASDAQ DXST opened at $2.63 on Friday. Decent has a fifty-two week low of $1.50 and a fifty-two week high of $62.00. The company’s 50 day simple moving average is $2.39 and its 200 day simple moving average is $3.04.

Decent (NASDAQ:DXSTGet Free Report) last released its earnings results on Monday, August 3rd. The company reported ($0.31) EPS for the quarter. The business had revenue of $9.29 million for the quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DXST shares. Wall Street Zen raised Decent to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Decent in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Analysis on Decent

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.

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