Davis Commodities Limited (NASDAQ:DTCK) Sees Large Growth in Short Interest

Davis Commodities Limited (NASDAQ:DTCK) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 80,000 shares, an increase of 147.7% from the November 30th total of 32,300 shares. Based on an average trading volume of 213,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.5% of the shares of the company are short sold.

Davis Commodities Trading Down 2.7 %

Davis Commodities stock opened at $1.10 on Friday. The business’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $1.11. Davis Commodities has a 12 month low of $0.76 and a 12 month high of $1.75. The company has a current ratio of 1.31, a quick ratio of 1.30 and a debt-to-equity ratio of 0.03.

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 and Taffy brands. It also provides warehouse storage and logistic, as well as agency services.