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

Decent Holding Inc. (NASDAQ:DXST) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 17,477 shares, an increase of 78.8% from the June 30th total of 9,773 shares. Based on an average daily trading volume, of 423,669 shares, the short-interest ratio is presently 0.0 days. Approximately 1.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

DXST has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Decent in a research note on Wednesday. Wall Street Zen upgraded shares of 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 data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Decent Stock Performance

DXST stock traded up $0.04 during midday trading on Friday, reaching $2.29. The company had a trading volume of 17,052 shares, compared to its average volume of 1,773,012. The stock has a 50 day moving average price of $2.46 and a 200 day moving average price of $8.24. Decent has a fifty-two week low of $1.50 and a fifty-two week high of $62.00.

Insider Activity at Decent

In other news, major shareholder Financial Lp Hrt sold 128,698 shares of Decent stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $5.36, for a total value of $689,821.28. Following the completion of the transaction, the insider owned 59,694 shares in the company, valued at approximately $319,959.84. This trade represents a 68.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Decent stock. Jane Street Group LLC bought a new position in Decent Holding Inc. (NASDAQ:DXST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period.

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.