Decent Holding Inc. (NASDAQ:DXST) Short Interest Down 71.7% in June

Decent Holding Inc. (NASDAQ:DXST) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 9,773 shares, a decline of 71.7% from the June 15th total of 34,512 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 100,680 shares, the short-interest ratio is presently 0.1 days.

Decent Stock Performance

DXST remained flat at $2.32 during midday trading on Friday. The company’s stock had a trading volume of 77,945 shares, compared to its average volume of 627,123. Decent has a 52-week low of $1.50 and a 52-week high of $62.00. The business has a fifty day moving average price of $2.32 and a 200 day moving average price of $11.41.

Insiders Place Their Bets

In other Decent news, major shareholder Financial Lp Hrt sold 128,698 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $319,959.84. This represents a 68.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On Decent

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC acquired a new position in Decent Holding Inc. (NASDAQ:DXST) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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.

Analysts Set New Price Targets

DXST has been the topic of several research reports. Wall Street Zen upgraded Decent from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Decent in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.