Datasea Inc. (NASDAQ:DTSS) Sees Large Increase in Short Interest

Datasea Inc. (NASDAQ:DTSS) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 162,853 shares, a growth of 119.1% from the July 30th total of 74,336 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 896,045 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Datasea

A hedge fund recently bought a new position in Datasea stock. Susquehanna International Group LLP acquired a new position in Datasea Inc. (NASDAQ:DTSS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned approximately 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Datasea from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Datasea Price Performance

DTSS traded down $0.02 during trading on Friday, reaching $0.70. 16,675 shares of the company’s stock were exchanged, compared to its average volume of 462,309. Datasea has a 1 year low of $0.58 and a 1 year high of $2.50. The company’s fifty day simple moving average is $0.78 and its 200-day simple moving average is $0.86. The stock has a market capitalization of $7.34 million, a P/E ratio of -2.20 and a beta of 0.79.

Datasea Company Profile

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.