Decent Holding Inc. (NASDAQ:DXST) Shares Shorted: Short Interest Down 86.8% in October

Decent Holding Inc. (NASDAQ:DXST) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 57,723 shares, a decrease of 86.8% from the September 30th total of 438,397 shares. Based on an average daily volume of 257,544 shares, the short-interest ratio is presently 0.2 days. Currently, 3.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DXST. Weiss Ratings restated a “sell (d)” rating on shares of Decent in a report on Wednesday, July 29th. Wall Street Zen cut shares of Decent from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

Decent Price Performance

NASDAQ DXST traded down $0.03 during trading on Tuesday, reaching $1.14. 13,260 shares of the company’s stock were exchanged, compared to its average volume of 1,630,008. The business has a 50 day moving average price of $2.24 and a 200-day moving average price of $6.85. Decent has a fifty-two week low of $1.06 and a fifty-two week high of $62.00.

Decent (NASDAQ:DXST) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.31) earnings per share (EPS) for the quarter. The firm had revenue of $9.29 million during the quarter.

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.