Short Interest in Davis Commodities Limited (NASDAQ:DTCK) Declines By 6.6%

Davis Commodities Limited (NASDAQ:DTCK) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 74,700 shares, a decline of 6.6% from the December 15th total of 80,000 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily volume of 223,400 shares, the short-interest ratio is presently 0.3 days.

Davis Commodities Stock Performance

NASDAQ DTCK traded up $0.03 on Friday, hitting $1.13. The company’s stock had a trading volume of 49,980 shares, compared to its average volume of 85,024. 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 has a 52-week low of $0.80 and a 52-week high of $1.75. The company’s 50-day simple moving average is $1.02 and its 200 day simple moving average is $1.11.

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