Decent Holding Inc. (NASDAQ:DXST) Short Interest Down 71.7% in June

Decent Holding Inc. (NASDAQ:DXST) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 9,773 shares, a drop of 71.7% from the June 15th total of 34,512 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 100,680 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 128,698 shares of Decent stock in a transaction that occurred on Thursday, June 4th. The shares were 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 of the company’s stock, valued at $319,959.84. This trade represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of Decent

A hedge fund recently bought a new position in Decent stock. Jane Street Group LLC bought a new position in shares of Decent Holding Inc. (NASDAQ:DXST) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.40% of Decent as of its most recent filing with the Securities & Exchange Commission.

Decent Stock Performance

Shares of DXST remained flat at $2.32 during mid-day trading on Friday. 77,945 shares of the stock were exchanged, compared to its average volume of 627,123. The business’s fifty day moving average price is $2.32 and its 200 day moving average price is $11.41. Decent has a one year low of $1.50 and a one year high of $62.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a report on Friday, May 1st. Wall Street Zen raised Decent from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Decent has a consensus rating of “Sell”.

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.