Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

Davis Commodities Limited (NASDAQ:DTCK) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 44,496 shares, a growth of 32.1% from the February 12th total of 33,690 shares. Based on an average trading volume of 9,141,076 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 9,141,076 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on DTCK. Weiss Ratings reissued a “sell (d)” rating on shares of Davis Commodities in a research report on Thursday, January 29th. Wall Street Zen downgraded Davis Commodities to a “strong sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Davis Commodities

A hedge fund recently bought a new stake in Davis Commodities stock. HRT Financial LP acquired a new stake in shares of Davis Commodities Limited (NASDAQ:DTCK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 121,341 shares of the company’s stock, valued at approximately $36,000. HRT Financial LP owned 0.44% of Davis Commodities at the end of the most recent reporting period. 81.83% of the stock is currently owned by hedge funds and other institutional investors.

Davis Commodities Stock Down 14.9%

DTCK stock traded down $0.29 during trading on Friday, hitting $1.66. 339,398 shares of the company’s stock traded hands, compared to its average volume of 2,284,195. Davis Commodities has a 52 week low of $1.32 and a 52 week high of $137.80. The stock has a fifty day moving average price of $66.12 and a two-hundred day moving average price of $265.04. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.02.

Davis Commodities (NASDAQ:DTCK) last posted its quarterly earnings results on Tuesday, December 23rd. The company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $47.52 million during the quarter.

About Davis Commodities

Davis Commodities, Inc is a merchant and supply chain management company specializing in agricultural commodities. Through its subsidiaries, the company sources, trades, and distributes products such as grains, oilseeds, coffee, sugar and related derivatives. Davis offers end-to-end solutions that include risk management, financing, quality control and logistics services to a diverse base of growers, processors and food manufacturers.

Founded in 2019, Davis Commodities completed its initial public offering on the Nasdaq under the ticker DTCK in 2020.