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

Decent Holding Inc. (NASDAQ:DXST) saw a large increase in short interest during the month of 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 company’s shares are short sold. Based on an average trading volume of 1,653,126 shares, the days-to-cover ratio is currently 0.0 days.

Decent Price Performance

NASDAQ:DXST opened at $2.63 on Friday. Decent has a 1 year low of $1.50 and a 1 year high of $62.00. The stock has a 50-day moving average price of $2.39 and a two-hundred day moving average price of $3.04.

Decent (NASDAQ:DXST) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.31) EPS for the quarter. The firm had revenue of $9.29 million during the quarter.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DXST. Wall Street Zen raised shares of Decent to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Decent in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Insider Buying and Selling at Decent

In related news, major shareholder Financial Lp Hrt sold 128,698 shares of the 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 sale, the insider directly owned 59,694 shares in the company, valued at $319,959.84. This trade represents a 68.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of Decent

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

About Decent

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.