Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

by · The Markets Daily

Davis Commodities Limited (NASDAQ:DTCK – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 1,009,001 shares, a growth of 1,441.5% from the December 15th total of 65,457 shares. Based on an average daily trading volume, of 15,709,465 shares, the short-interest ratio is currently 0.1 days. Currently, 3.7% of the shares of the stock are short sold. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,709,465 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several brokerages have recently issued reports on DTCK. Weiss Ratings initiated coverage on shares of Davis Commodities in a report on Saturday, November 1st. They set a “sell (d)” rating for the company. Wall Street Zen downgraded shares of Davis Commodities to a “strong sell” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on Davis Commodities

Davis Commodities Stock Up 3.9%

DTCK traded up $0.01 during trading on Monday, reaching $0.36. 882,398 shares of the company were exchanged, compared to its average volume of 8,916,211. The company’s 50-day moving average is $0.87 and its two-hundred day moving average is $0.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.02 and a current ratio of 1.02. Davis Commodities has a 12-month low of $0.23 and a 12-month high of $6.89.

Davis Commodities Company Profile

(Get Free Report)

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.

Further Reading