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

Delixy Holdings Limited (NASDAQ:DLXY) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 48,170 shares, a decrease of 40.9% from the August 31st total of 81,510 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 556,872 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Delixy in a report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Delixy presently has a consensus rating of “Sell”.

Delixy Stock Down 4.6%

Shares of DLXY opened at $2.09 on Friday. Delixy has a 1-year low of $1.70 and a 1-year high of $22.25. The firm’s 50-day moving average price is $2.36 and its 200-day moving average price is $2.57.

About Delixy

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.