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

DSC Holdings Ltd. (NASDAQ:DSC) saw a significant increase in short interest in 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. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 60,823 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen upgraded DSC to a “hold” rating in a research report on Saturday, July 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of DSC in a research note on Monday, July 27th. They issued a “buy” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, DSC has an average rating of “Buy” and an average target price of $12.00.

DSC Stock Performance

NASDAQ:DSC traded up $0.32 during trading hours on Tuesday, reaching $7.91. 41,029 shares of the company were exchanged, compared to its average volume of 81,426. The stock has a 50-day moving average of $6.85. DSC has a twelve month low of $4.52 and a twelve month high of $16.35.

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

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.