Datasea Inc. (NASDAQ:DTSS) Sees Significant Increase in Short Interest

Datasea Inc. (NASDAQ:DTSSGet Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 115,700 shares, an increase of 32.2% from the February 29th total of 87,500 shares. Based on an average daily volume of 1,980,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Datasea

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC purchased a new position in Datasea in the second quarter valued at about $29,000. Jane Street Group LLC acquired a new position in shares of Datasea during the 3rd quarter worth about $53,000. Citadel Advisors LLC acquired a new position in Datasea in the 2nd quarter valued at approximately $29,000. Finally, Walleye Capital LLC acquired a new position in Datasea in the 3rd quarter valued at approximately $558,000. 82.07% of the stock is currently owned by institutional investors and hedge funds.

Datasea Price Performance

NASDAQ DTSS opened at $7.70 on Monday. The company has a market capitalization of $19.56 million, a PE ratio of -1.61 and a beta of 0.87. Datasea has a 1 year low of $1.42 and a 1 year high of $20.29. The company has a fifty day moving average of $5.79 and a two-hundred day moving average of $4.00.

Datasea (NASDAQ:DTSSGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.72) earnings per share for the quarter. Datasea had a negative return on equity of 3,785.71% and a negative net margin of 36.76%. The business had revenue of $11.35 million for the quarter.

Datasea Company Profile

(Get Free Report)

Datasea Inc, through its subsidiaries, provides technology and information systems in the People's Republic of China. The company provides smart city solutions and 5G messaging applications. It also offers its smart security solutions primarily to schools, tourist or scenic attractions, and public communities.

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