Davis Commodities Limited (NASDAQ:DTCK – Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 1,009,001 shares, an increase of 1,441.5% from the December 15th total of 65,457 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average daily volume of 15,709,465 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 15,709,465 shares, the short-interest ratio is currently 0.1 days. Currently, 3.7% of the company’s stock are sold short.
Wall Street Analyst Weigh In
DTCK has been the topic of several research analyst reports. Weiss Ratings initiated coverage on Davis Commodities in a research note on Saturday, November 1st. They set a “sell (d)” rating on the stock. Wall Street Zen lowered Davis Commodities to a “strong sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Davis Commodities
Davis Commodities Stock Performance
About Davis Commodities
Davis Commodities, Inc is a merchant and supply chain management company specializing in agricultural commodities. Through its subsidiaries, the company sources, trades, and distributes products such as grains, oilseeds, coffee, sugar and related derivatives. Davis offers end-to-end solutions that include risk management, financing, quality control and logistics services to a diverse base of growers, processors and food manufacturers.
Founded in 2019, Davis Commodities completed its initial public offering on the Nasdaq under the ticker DTCK in 2020.
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