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

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 17,477 shares, a growth of 78.8% from the June 30th total of 9,773 shares. Based on an average trading volume of 423,669 shares, the short-interest ratio is presently 0.0 days. Currently, 1.0% of the shares of the company are sold short.

Insider Buying and Selling

In other Decent news, major shareholder Financial Lp Hrt sold 128,698 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 59,694 shares in the company, valued at approximately $319,959.84. This trade represents a 68.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Decent

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC bought a new stake in Decent Holding Inc. (NASDAQ:DXST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.40% of Decent at the end of the most recent quarter.

Decent Stock Performance

Decent stock opened at $2.29 on Friday. The business has a 50 day simple moving average of $2.46 and a 200 day simple moving average of $8.20. Decent has a one year low of $1.50 and a one year high of $62.00.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen raised Decent from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “sell (d)” rating on shares of Decent in a research note on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus 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.