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

Datasea Inc. (NASDAQ:DTSS) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 85,600 shares, a decrease of 22.3% from the February 28th total of 110,100 shares. Based on an average trading volume of 145,000 shares, the short-interest ratio is presently 0.6 days. Currently, 1.7% of the shares of the stock are short sold.

Datasea Trading Down 2.7 %

Shares of NASDAQ DTSS traded down $0.06 during mid-day trading on Monday, hitting $2.17. 22,568 shares of the stock traded hands, compared to its average volume of 151,709. Datasea has a twelve month low of $1.65 and a twelve month high of $9.78. The firm has a 50 day simple moving average of $2.16 and a two-hundred day simple moving average of $2.26.

Datasea (NASDAQ:DTSS) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.16) earnings per share for the quarter. Datasea had a negative return on equity of 618.32% and a negative net margin of 26.69%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Datasea stock. Citadel Advisors LLC purchased a new position in Datasea Inc. (NASDAQ:DTSS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,300 shares of the company’s stock, valued at approximately $76,000. Citadel Advisors LLC owned 0.48% of Datasea as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 82.07% of the company’s stock.

Datasea Company Profile

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.