Decent Holding Inc. (NASDAQ:DXST) Short Interest Update

Decent Holding Inc. (NASDAQ:DXST) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 34,512 shares, a growth of 129.0% from the May 31st total of 15,072 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average trading volume of 9,229,335 shares, the short-interest ratio is presently 0.0 days.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt sold 128,698 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $5.36, for a total transaction of $689,821.28. Following the sale, the insider directly owned 59,694 shares in the company, valued at approximately $319,959.84. The trade was a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC bought a new position in Decent Holding Inc. (NASDAQ:DXST) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.40% of Decent at the end of the most recent reporting period.

Decent Trading Down 0.0%

NASDAQ DXST traded down $0.00 on Wednesday, reaching $2.07. The company had a trading volume of 3,511,934 shares, compared to its average volume of 1,858,554. The company’s fifty day moving average is $2.34 and its 200 day moving average is $13.21. Decent has a 52-week low of $1.50 and a 52-week high of $62.00.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DXST shares. Weiss Ratings restated a “sell (d)” rating on shares of Decent in a research report on Friday, May 1st. Wall Street Zen raised shares of Decent from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Decent

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.