Short Interest in Davis Commodities Limited (NASDAQ:DTCK) Rises By 49.1%

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

Institutional Investors Weigh In On Davis Commodities

An institutional investor recently bought a new position in Davis Commodities stock. DGS Capital Management LLC purchased a new stake in Davis Commodities Limited (NASDAQ:DTCK) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,836 shares of the company’s stock, valued at approximately $29,000. DGS Capital Management LLC owned approximately 0.11% of Davis Commodities as of its most recent SEC filing. Institutional investors own 81.83% of the company’s stock.

Davis Commodities Price Performance

Davis Commodities stock traded up $0.03 during midday trading on Friday, reaching $1.13. 25,906 shares of the stock were exchanged, compared to its average volume of 156,622. The company’s fifty day moving average is $1.16 and its 200-day moving average is $1.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.19 and a current ratio of 1.21. Davis Commodities has a 52 week low of $0.76 and a 52 week high of $8.75.

About Davis Commodities

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.