Davis Commodities Limited (NASDAQ:DTCK) Short Interest Update

Davis Commodities Limited (NASDAQ:DTCK) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 11,700 shares, a growth of 28.6% from the March 15th total of 9,100 shares. Based on an average daily trading volume, of 41,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

Davis Commodities Trading Up 4.3 %

Shares of NASDAQ:DTCK traded up $0.02 during midday trading on Friday, hitting $0.49. The company’s stock had a trading volume of 6,508 shares, compared to its average volume of 139,877. Davis Commodities has a 12-month low of $0.40 and a 12-month high of $1.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.31. The business’s 50 day simple moving average is $0.80 and its 200 day simple moving average is $0.96.

Institutional Investors Weigh In On Davis Commodities

A hedge fund recently raised its stake in Davis Commodities stock. Citadel Advisors LLC boosted its stake in shares of Davis Commodities Limited (NASDAQ:DTCK) by 354.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,611 shares of the company’s stock after buying an additional 35,571 shares during the period. Citadel Advisors LLC owned 0.19% of Davis Commodities worth $49,000 at the end of the most recent quarter. 81.83% of the stock is currently owned by hedge funds and other institutional investors.

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.