Short Interest in DSC Holdings Ltd. (NASDAQ:DSC) Grows By 93.4%

DSC Holdings Ltd. (NASDAQ:DSC) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 18,259 shares, an increase of 93.4% from the August 15th total of 9,440 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 60,823 shares, the days-to-cover ratio is presently 0.3 days.

DSC Stock Performance

Shares of DSC stock traded down $0.06 on Wednesday, hitting $7.85. The stock had a trading volume of 67,883 shares, compared to its average volume of 81,187. DSC has a 52-week low of $4.52 and a 52-week high of $16.35. The business has a 50 day moving average price of $6.86.

DSC (NASDAQ:DSC) last released its quarterly earnings results on Wednesday, August 26th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $24.62 million during the quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DSC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of DSC in a report on Monday, July 27th. They set a “buy” rating and a $12.00 price objective on the stock. Wall Street Zen upgraded shares of DSC to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, DSC currently has an average rating of “Buy” and an average price target of $12.00.

DSC Company Profile

DSC Holdings Ltd. is an AI application infrastructure for used car industry. Its services engage and benefit of dealers collaborators such as inspectors, transporters and other internet platforms, creating an ecosystem with used car dealers at its center. DSC Holdings Ltd. is based in BEIJING.