Davis Commodities Limited (NASDAQ:DTCK) Short Interest Up 147.7% in December

Davis Commodities Limited (NASDAQ:DTCK) was the target 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. Approximately 2.5% of the company’s stock are sold short. Based on an average trading volume of 213,100 shares, the days-to-cover ratio is currently 0.4 days.

Davis Commodities Stock Performance

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

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.