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

Delixy Holdings Limited (NASDAQ:DLXY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 125,110 shares, a growth of 187.2% from the May 31st total of 43,561 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 1,333,532 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DLXY shares. Weiss Ratings cut Delixy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded shares of Delixy from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Delixy Stock Down 3.9%

DLXY stock traded down $0.02 on Monday, hitting $0.47. 158,137 shares of the company’s stock were exchanged, compared to its average volume of 1,895,272. The firm has a 50 day moving average price of $0.54 and a two-hundred day moving average price of $0.73. Delixy has a 12-month low of $0.34 and a 12-month high of $7.16.

Delixy (NASDAQ:DLXY) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.16) EPS for the quarter. The firm had revenue of $102.87 million for the quarter.

About Delixy

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.