DatChat, Inc. (NASDAQ:DATS) Sees Significant Growth in Short Interest

DatChat, Inc. (NASDAQ:DATS) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 248,500 shares, an increase of 29.2% from the January 31st total of 192,300 shares. Currently, 8.8% of the company’s stock are short sold. Based on an average daily volume of 8,270,000 shares, the days-to-cover ratio is presently 0.0 days.

DatChat Stock Down 0.7 %

Shares of DatChat stock traded down $0.02 on Thursday, reaching $2.25. The company’s stock had a trading volume of 9,649 shares, compared to its average volume of 2,737,384. DatChat has a 52 week low of $1.01 and a 52 week high of $9.34. The firm’s fifty day simple moving average is $3.26 and its two-hundred day simple moving average is $2.15. The company has a market capitalization of $6.76 million, a price-to-earnings ratio of -1.10 and a beta of 2.47.

Hedge Funds Weigh In On DatChat

A hedge fund recently raised its stake in DatChat stock. Geode Capital Management LLC raised its stake in shares of DatChat, Inc. (NASDAQ:DATS) by 39.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,685 shares of the company’s stock after purchasing an additional 6,933 shares during the period. Geode Capital Management LLC owned 0.82% of DatChat worth $44,000 as of its most recent SEC filing. 0.92% of the stock is currently owned by institutional investors and hedge funds.

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.