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 January. As of January 15th, there was short interest totaling 301,259 shares, an increase of 172.6% from the December 31st total of 110,517 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,106,627 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 1,106,627 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DXST. Wall Street Zen upgraded Decent to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Decent in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Decent has a consensus rating of “Sell”.

Decent Price Performance

NASDAQ:DXST traded up $0.15 during trading hours on Thursday, reaching $1.82. 1,015,594 shares of the company traded hands, compared to its average volume of 3,149,081. The firm’s 50-day moving average is $1.51 and its 200-day moving average is $1.39. Decent has a 1-year low of $0.85 and a 1-year high of $2.01.

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.