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

Davis Commodities Limited (NASDAQ:DTCK) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 11,000 shares, a drop of 74.5% from the August 15th total of 43,200 shares. Based on an average daily trading volume, of 104,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.5% of the shares of the company are sold short.

Davis Commodities Stock Down 2.4 %

NASDAQ DTCK traded down $0.03 during trading hours on Thursday, hitting $1.21. 16,996 shares of the company’s stock traded hands, compared to its average volume of 163,955. 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 $9.00. The business’s fifty day moving average price is $1.19 and its two-hundred day moving average price is $1.13.

Institutional Investors Weigh In On Davis Commodities

A hedge fund recently bought a new stake in Davis Commodities stock. DGS Capital Management LLC purchased a new stake in shares of Davis Commodities Limited (NASDAQ:DTCK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,836 shares of the company’s stock, valued at approximately $29,000. DGS Capital Management LLC owned 0.11% of Davis Commodities as of its most recent filing with the Securities & Exchange Commission. 81.83% of the stock is currently owned by hedge funds and other institutional investors.

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.