Decent Holding Inc. (NASDAQ:DXST) Sees Large Drop in Short Interest

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 711,958 shares, a drop of 67.8% from the February 12th total of 2,208,495 shares. Based on an average daily trading volume, of 2,390,921 shares, the short-interest ratio is currently 0.3 days. Approximately 2.9% of the shares of the company are sold short. Approximately 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 2,390,921 shares, the short-interest ratio is currently 0.3 days.

Decent Stock Up 50.4%

NASDAQ DXST opened at $0.40 on Wednesday. The business has a 50 day moving average price of $0.95 and a 200 day moving average price of $1.24. Decent has a 1-year low of $0.08 and a 1-year high of $2.48.

Decent (NASDAQ:DXST) last posted its earnings results on Monday, March 2nd. The company reported $0.00 EPS for the quarter. The firm had revenue of $3.73 million for the quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Decent in a research report on Friday, January 9th. Wall Street Zen raised shares of Decent to a “hold” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Decent

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC bought a new stake in shares of Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned approximately 0.40% of Decent at the end of the most recent quarter.

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.