Datasea Inc. (NASDAQ:DTSS) Short Interest Up 72.9% in April
by Jessica Moore · The Cerbat GemDatasea Inc. (NASDAQ:DTSS – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 82,976 shares, a growth of 72.9% from the March 31st total of 48,004 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 124,505 shares, the days-to-cover ratio is presently 0.7 days.
Datasea Stock Performance
NASDAQ DTSS traded down $0.03 on Monday, hitting $1.00. 5,606 shares of the stock traded hands, compared to its average volume of 102,448. The firm has a market capitalization of $10.45 million, a price-to-earnings ratio of -3.13 and a beta of 0.82. The business’s fifty day moving average is $0.94 and its two-hundred day moving average is $1.17. Datasea has a 12 month low of $0.64 and a 12 month high of $2.80.
Datasea (NASDAQ:DTSS – Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.06) earnings per share for the quarter. Datasea had a negative return on equity of 88.98% and a negative net margin of 4.80%.The firm had revenue of $13.00 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Datasea in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Report on Datasea
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP acquired a new stake in shares of Datasea Inc. (NASDAQ:DTSS – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned 0.27% of Datasea as of its most recent filing with the Securities and Exchange Commission (SEC). 82.07% of the stock is owned by institutional investors.
About Datasea
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.