Delixy Holdings Limited (NASDAQ:DLXY) Sees Large Decline in Short Interest

Delixy Holdings Limited (NASDAQ:DLXY) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 66,783 shares, a drop of 29.2% from the December 31st total of 94,386 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,512 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 44,512 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Delixy in a research note on Wednesday, October 8th. They set a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Delixy Price Performance

NASDAQ:DLXY opened at $0.92 on Friday. The company has a fifty day moving average of $0.90. Delixy has a 1-year low of $0.61 and a 1-year high of $7.16.

Delixy Company Profile

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.