Delixy Holdings Limited (NASDAQ:DLXY) Shares Shorted: Short Interest Up 155.8% in September

Delixy Holdings Limited (NASDAQ:DLXY) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 123,241 shares, an increase of 155.8% from the September 15th total of 48,170 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily volume of 5,487,618 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Delixy in a research note on Monday, August 24th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Delixy Stock Performance

Shares of NASDAQ DLXY traded down $0.08 during midday trading on Tuesday, hitting $2.15. The stock had a trading volume of 55,657 shares, compared to its average volume of 632,758. Delixy has a 1 year low of $1.70 and a 1 year high of $22.25. The stock has a 50 day simple moving average of $2.39 and a 200-day simple moving average of $2.51.

About Delixy

Delixy Holdings Limited is a company principally engaged in the trading of oil-related products, including crude oil and oil-based products such as fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals and naphtha. Delixy Holdings Limited is based in Singapore.