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

Decent Holding Inc. (NASDAQ:DXST) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 301,259 shares, a growth of 172.6% from the December 31st total of 110,517 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 1,106,627 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 1,106,627 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.2% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research analysts recently issued reports on DXST shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Decent in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Decent to a “hold” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Decent presently has an average rating of “Sell”.

Decent Stock Down 8.2%

DXST stock traded down $0.17 during mid-day trading on Friday, reaching $1.90. The company’s stock had a trading volume of 3,532,652 shares, compared to its average volume of 3,457,886. Decent has a fifty-two week low of $0.85 and a fifty-two week high of $2.48. The company’s 50 day moving average is $1.52 and its two-hundred day moving average is $1.39.

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.