Davis Commodities Limited (NASDAQ:DTCK) Sees Large Decline in Short Interest

Davis Commodities Limited (NASDAQ:DTCK) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 43,872 shares, a drop of 95.7% from the December 31st total of 1,009,001 shares. Based on an average daily trading volume, of 579,484 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 579,484 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

DTCK has been the subject of several research reports. Weiss Ratings started coverage on shares of Davis Commodities in a research report on Saturday, November 1st. They issued a “sell (d)” rating for the company. Wall Street Zen downgraded shares of Davis Commodities to a “strong sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Davis Commodities presently has a consensus rating of “Sell”.

Davis Commodities Price Performance

Shares of DTCK stock traded down $0.00 on Wednesday, reaching $0.26. The stock had a trading volume of 69,150 shares, compared to its average volume of 428,997. Davis Commodities has a 12 month low of $0.23 and a 12 month high of $6.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average is $0.35 and its two-hundred day moving average is $0.84.

Davis Commodities (NASDAQ:DTCK) last announced its quarterly earnings results on Tuesday, December 23rd. The company reported $0.00 EPS for the quarter. The company had revenue of $47.52 million during the quarter.

Davis Commodities Company Profile

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.