Data Storage Corp. (NASDAQ:DTST – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 27,299 shares, a decrease of 39.1% from the September 30th total of 44,847 shares. Based on an average trading volume of 9,470 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.5% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of Data Storage from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
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Data Storage Stock Up 21.4%
Data Storage (NASDAQ:DTST – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.24). The firm had revenue of $0.36 million for the quarter, compared to the consensus estimate of $0.40 million. Data Storage had a negative return on equity of 5.48% and a net margin of 1,247.09%.
Data Storage Company Profile
Data Storage Corporation provides cloud-based data management and information technology services for businesses. Its offerings are designed to help organizations protect, store, access and recover critical business data while supporting operational continuity.
The company’s services include cloud backup, disaster recovery, cloud storage, managed hosting and related infrastructure solutions. It also provides technology support intended to improve data security, system availability and recovery capabilities in the event of equipment failure, cyber incidents or other disruptions.
Data Storage Corporation primarily serves business customers in the United States.
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