Davis Commodities Limited (NASDAQ:DTCK) Short Interest Up 51.7% in March

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

Institutional Investors Weigh In On Davis Commodities

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

Davis Commodities Stock Performance

NASDAQ DTCK traded up $0.01 during trading hours on Tuesday, hitting $0.90. 214 shares of the company traded hands, compared to its average volume of 146,945. Davis Commodities has a twelve month low of $0.82 and a twelve month high of $1.73. The business’s 50-day moving average is $0.96 and its 200-day moving average is $1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.31.

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.