Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

Davis Commodities Limited (NASDAQ:DTCK) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 9,100 shares, a growth of 51.7% from the February 28th total of 6,000 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 48,800 shares, the days-to-cover ratio is currently 0.2 days.

Davis Commodities Trading Down 1.8 %

Shares of NASDAQ DTCK traded down $0.02 during midday trading on Friday, reaching $0.91. The stock had a trading volume of 6,456 shares, compared to its average volume of 148,090. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.31. The stock has a 50-day moving average of $0.96 and a 200-day moving average of $1.03. Davis Commodities has a 12-month low of $0.85 and a 12-month high of $1.73.

Hedge Funds Weigh In On Davis Commodities

An institutional investor recently raised its position in Davis Commodities stock. Citadel Advisors LLC increased its holdings in Davis Commodities Limited (NASDAQ:DTCK) by 354.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,611 shares of the company’s stock after purchasing an additional 35,571 shares during the period. Citadel Advisors LLC owned 0.19% of Davis Commodities worth $49,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Davis Commodities Company Profile

Davis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Asia, Africa, and the Middle East. The company trades in agricultural commodities, including sugar, rice, and oil and fat products under the Maxwill and Taffy brands. It also provides warehouse storage and logistic, as well as agency services.