Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

Davis Commodities Limited (NASDAQ:DTCK) saw a large decline in short interest during 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. Based on an average daily trading volume, of 223,400 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.4% of the shares of the stock are short sold.

Davis Commodities Stock Up 2.7 %

Shares of Davis Commodities stock traded up $0.03 during trading on Friday, reaching $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 debt-to-equity ratio of 0.03, a current ratio of 1.31 and a quick ratio of 1.30. Davis Commodities has a 52-week low of $0.80 and a 52-week high of $1.75. The firm’s 50-day moving average is $1.02 and its two-hundred day 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.