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

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 34,512 shares, a growth of 129.0% from the May 31st total of 15,072 shares. Based on an average daily trading volume, of 9,229,335 shares, the short-interest ratio is presently 0.0 days. Currently, 3.5% of the company’s stock are sold short.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 128,698 shares of Decent stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $5.36, for a total transaction of $689,821.28. Following the completion of the transaction, the insider directly owned 59,694 shares in the company, valued at $319,959.84. This trade represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Decent

A hedge fund recently bought a new position in Decent stock. Jane Street Group LLC acquired a new position in Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 0.40% of Decent at the end of the most recent quarter.

Analyst Ratings Changes

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

Decent Stock Performance

Shares of DXST traded up $0.02 during mid-day trading on Monday, hitting $1.99. The stock had a trading volume of 41,914 shares, compared to its average volume of 1,860,167. Decent has a 52 week low of $1.50 and a 52 week high of $62.00. The business has a fifty day moving average price of $2.35 and a 200-day moving average price of $13.71.

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.