Datasea Inc. (NASDAQ:DTSS) Short Interest Update
by Doug Wharley · The Cerbat GemDatasea Inc. (NASDAQ:DTSS – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 27,466 shares, a decline of 58.8% from the April 30th total of 66,683 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 50,658 shares, the days-to-cover ratio is currently 0.5 days.
Datasea Trading Up 6.7%
Shares of DTSS stock traded up $0.05 during trading hours on Friday, reaching $0.84. 209,299 shares of the stock were exchanged, compared to its average volume of 52,876. The firm has a market capitalization of $8.81 million, a price-to-earnings ratio of -2.63 and a beta of 0.76. Datasea has a 12-month low of $0.64 and a 12-month high of $2.50. The company’s 50-day moving average price is $0.92 and its 200-day moving average price is $1.00.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered Datasea from a “sell (e)” rating to a “sell (e-)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Datasea has a consensus rating of “Sell”.
Check Out Our Latest Analysis on DTSS
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP bought a new stake in shares of Datasea Inc. (NASDAQ:DTSS – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned about 0.27% of Datasea as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 82.07% of the company’s stock.
Datasea Company Profile
Datasea Data Cloud Technology Co, Ltd. is a technology company specializing in real-time interactive video distribution and industrial Internet of Things (IoT) solutions. The company’s core platform integrates artificial intelligence (AI), big data analytics and cloud computing to deliver immersive video experiences across various applications. Built on its proprietary VIEwu real-time video engine, Datasea supports high-definition streaming, low-latency transmission and interactive functionalities tailored to enterprise and consumer markets.
Founded in 2007 and headquartered in Beijing, Datasea serves a diverse customer base that includes education providers, public security agencies, commercial enterprises and online entertainment platforms.