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

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

Davis Commodities Trading Up 2.7 %

Shares of DTCK traded up $0.03 on Friday, reaching $1.13. The stock had a trading volume of 49,980 shares, compared to its average volume of 85,024. Davis Commodities has a twelve month low of $0.80 and a twelve month high of $1.75. The firm has a 50-day moving average of $1.02 and a 200 day moving average of $1.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.31.

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.