Decent Holding Inc. (NASDAQ:DXST) Short Interest Down 35.5% in April

Decent Holding Inc. (NASDAQ:DXST) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 16,432 shares, a drop of 35.5% from the April 15th total of 25,463 shares. Based on an average daily volume of 45,237 shares, the short-interest ratio is presently 0.4 days. Currently, 1.7% of the company’s shares are sold short.

Decent Price Performance

Shares of DXST traded up $0.02 during mid-day trading on Monday, hitting $1.80. The company had a trading volume of 8,190 shares, compared to its average volume of 1,311,698. The business’s 50-day simple moving average is $3.43 and its 200-day simple moving average is $21.06. Decent has a 1-year low of $1.70 and a 1-year high of $62.00.

Decent (NASDAQ:DXST) last released its earnings results on Monday, March 2nd. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $3.69 million during the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DXST shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a research note on Friday, May 1st. Wall Street Zen raised shares of Decent from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus 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 position in Decent Holding Inc. (NASDAQ:DXST) during the 4th quarter, according to its most recent Form 13F filing 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 about 0.40% of Decent as of its most recent filing with the Securities and Exchange Commission (SEC).

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.