Short Interest in Delixy Holdings Limited (NASDAQ:DLXY) Declines By 29.2%
by Sarita Garza · The Markets DailyDelixy Holdings Limited (NASDAQ:DLXY – Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 66,783 shares, a drop of 29.2% from the December 31st total of 94,386 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,512 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 44,512 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.4% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings assumed coverage on Delixy in a research report on Wednesday, October 8th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.
View Our Latest Stock Analysis on DLXY
Delixy Price Performance
Shares of NASDAQ DLXY traded down $0.01 during mid-day trading on Friday, reaching $0.92. 12,259 shares of the company’s stock were exchanged, compared to its average volume of 53,064. Delixy has a twelve month low of $0.61 and a twelve month high of $7.16. The firm’s fifty day moving average is $0.90.
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.