Short Interest in DatChat, Inc. (NASDAQ:DATS) Drops By 48.6%

DatChat, Inc. (NASDAQ:DATS) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 22,400 shares, a decline of 48.6% from the September 15th total of 43,600 shares. Based on an average daily trading volume, of 952,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.8% of the shares of the stock are sold short.

DatChat Trading Up 3.5 %

Shares of NASDAQ DATS traded up $0.04 during midday trading on Friday, hitting $1.30. 86,455 shares of the company’s stock were exchanged, compared to its average volume of 533,721. The business’s fifty day moving average price is $1.29 and its two-hundred day moving average price is $1.33. The company has a market cap of $3.91 million, a price-to-earnings ratio of -0.37 and a beta of 2.31. DatChat has a 12-month low of $1.01 and a 12-month high of $4.13.

DatChat (NASDAQ:DATS) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.33) EPS for the quarter.

DatChat Company Profile

DatChat, Inc a communication software company, develops mobile messaging application. The company offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.