Delixy Holdings Limited (NASDAQ:DLXY) Short Interest Up 187.2% in June

Delixy Holdings Limited (NASDAQ:DLXY) was the recipient of a significant growth in short interest during the month of 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. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 1,333,532 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings lowered Delixy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Delixy from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Delixy Trading Down 0.4%

NASDAQ DLXY traded down $0.00 during mid-day trading on Friday, hitting $0.49. The company’s stock had a trading volume of 432,048 shares, compared to its average volume of 1,401,995. The stock’s fifty day simple moving average is $0.54 and its two-hundred day simple moving average is $0.73. Delixy has a 52-week low of $0.34 and a 52-week high of $7.16.

Delixy (NASDAQ:DLXY) last announced its quarterly earnings results on Friday, May 1st. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $102.87 million for the quarter.

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.