Short Interest in Davis Commodities Limited (NASDAQ:DTCK) Expands By 51.7%

Davis Commodities Limited (NASDAQ:DTCK) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 9,100 shares, an increase of 51.7% from the February 28th total of 6,000 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 48,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Davis Commodities stock. Citadel Advisors LLC boosted its stake in Davis Commodities Limited (NASDAQ:DTCK) by 354.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,611 shares of the company’s stock after acquiring an additional 35,571 shares during the period. Citadel Advisors LLC owned 0.19% of Davis Commodities worth $49,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Davis Commodities Price Performance

Shares of Davis Commodities stock traded down $0.01 during trading on Monday, reaching $0.90. 6,708 shares of the company traded hands, compared to its average volume of 147,527. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $0.96 and a 200-day moving average price of $1.03. Davis Commodities has a 1-year low of $0.85 and a 1-year high of $1.73.

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.