Decent Holding Inc. (NASDAQ:DXST) Sees Significant Growth in Short Interest

Decent Holding Inc. (NASDAQ:DXST) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 438,397 shares, a growth of 948.0% from the September 15th total of 41,833 shares. Currently, 24.2% of the shares of the stock are short sold. Based on an average trading volume of 4,001,253 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Decent in a research report on Wednesday, July 29th. Wall Street Zen downgraded Decent from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

Decent Stock Up 2.2%

Shares of Decent stock traded up $0.04 during trading on Friday, reaching $1.86. 84,433 shares of the company traded hands, compared to its average volume of 2,341,788. The company has a 50 day moving average price of $2.50 and a 200-day moving average price of $2.49. Decent has a 1-year low of $1.50 and a 1-year high of $62.00.

Decent (NASDAQ:DXST) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.31) earnings per share (EPS) for the quarter. The business had revenue of $9.29 million during the quarter.

Decent Company Profile

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.