DSC Holdings Ltd. (NASDAQ:DSC) Sees Significant Increase in Short Interest

DSC Holdings Ltd. (NASDAQ:DSC) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 18,259 shares, an increase of 93.4% from the August 15th total of 9,440 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 60,823 shares, the days-to-cover ratio is presently 0.3 days.

DSC Trading Down 2.9%

Shares of NASDAQ:DSC traded down $0.23 during mid-day trading on Thursday, reaching $7.62. 3,486 shares of the company traded hands, compared to its average volume of 79,832. DSC has a 52 week low of $4.52 and a 52 week high of $16.35. The stock’s 50 day simple moving average is $6.87.

DSC (NASDAQ:DSC) last posted its quarterly earnings results on Wednesday, August 26th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $24.62 million for the quarter.

Analysts Set New Price Targets

DSC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of DSC in a report on Monday, July 27th. They issued a “buy” rating and a $12.00 price objective on the stock. Wall Street Zen raised shares of DSC to a “hold” rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.00.

About DSC

DSC Holdings Ltd. is an AI application infrastructure for used car industry. Its services engage and benefit of dealers collaborators such as inspectors, transporters and other internet platforms, creating an ecosystem with used car dealers at its center. DSC Holdings Ltd. is based in BEIJING.