Datasea Inc. (NASDAQ:DTSS) Short Interest Down 58.8% in May

Datasea Inc. (NASDAQ:DTSS) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 27,466 shares, a decrease of 58.8% from the April 30th total of 66,683 shares. Based on an average daily trading volume, of 50,658 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are sold short.

Datasea Stock Performance

Shares of DTSS traded up $0.01 during midday trading on Monday, hitting $0.85. 474,393 shares of the company traded hands, compared to its average volume of 95,694. The firm has a 50 day moving average of $0.92 and a 200-day moving average of $1.00. Datasea has a 52 week low of $0.64 and a 52 week high of $2.50. The stock has a market cap of $8.88 million, a price-to-earnings ratio of -2.66 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Datasea from a “sell (e)” rating to a “sell (e-)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP purchased a new stake in Datasea Inc. (NASDAQ:DTSS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned about 0.27% of Datasea at the end of the most recent quarter. Institutional investors and hedge funds own 82.07% of the company’s stock.

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.