Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

Davis Commodities Limited (NASDAQ:DTCK) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 16,400 shares, a growth of 49.1% from the August 31st total of 11,000 shares. Based on an average daily volume of 105,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 5.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Davis Commodities

An institutional investor recently bought a new position in Davis Commodities stock. DGS Capital Management LLC bought a new stake in Davis Commodities Limited (NASDAQ:DTCK) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 27,836 shares of the company’s stock, valued at approximately $29,000. DGS Capital Management LLC owned 0.11% of Davis Commodities at the end of the most recent quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Davis Commodities Stock Performance

Shares of DTCK stock traded up $0.03 during trading on Friday, reaching $1.13. The company’s stock had a trading volume of 20,805 shares, compared to its average volume of 156,622. Davis Commodities has a 1-year low of $0.76 and a 1-year high of $8.75. The stock’s 50-day moving average price is $1.16 and its 200 day moving average price is $1.13. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.04.

Davis Commodities Company Profile

Davis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Asia, Africa, and the Middle East. The company trades in agricultural commodities, including sugar, rice, and oil and fat products under the Maxwill, Lin, and Taffy brands. It also provides warehouse storage and logistic, as well as agency services.