Short Interest in Decent Holding Inc. (NASDAQ:DXST) Grows By 172.6%

Decent Holding Inc. (NASDAQ:DXST) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 301,259 shares, an increase of 172.6% from the December 31st total of 110,517 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 1,106,627 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,106,627 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.2% of the company’s stock are sold short.

Decent Stock Down 8.2%

Shares of Decent stock opened at $1.90 on Friday. The business has a fifty day simple moving average of $1.52 and a two-hundred day simple moving average of $1.40. Decent has a 1 year low of $0.85 and a 1 year high of $2.48.

Wall Street Analysts Forecast Growth

DXST has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Decent in a report on Friday, January 9th. Wall Street Zen upgraded shares of Decent to a “hold” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently 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.