Delixy Holdings Limited (NASDAQ:DLXY) Sees Significant Decrease in Short Interest

Delixy Holdings Limited (NASDAQ:DLXY) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 74,907 shares, a decrease of 39.2% from the September 30th total of 123,241 shares. Based on an average trading volume of 1,485,661 shares, the short-interest ratio is presently 0.1 days. Approximately 2.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Delixy in a research report on Monday, August 24th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Delixy Trading Up 3.9%

NASDAQ DLXY opened at $1.58 on Tuesday. The company’s 50 day simple moving average is $2.34 and its two-hundred day simple moving average is $2.93. Delixy has a 1 year low of $1.45 and a 1 year high of $22.25.

Delixy Company Profile

Delixy Holdings Limited is a company principally engaged in the trading of oil-related products, including crude oil and oil-based products such as fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals and naphtha. Delixy Holdings Limited is based in Singapore.