Short Interest in Datasea Inc. (NASDAQ:DTSS) Decreases By 40.4%

Datasea Inc. (NASDAQ:DTSS) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 153,490 shares, a drop of 40.4% from the June 15th total of 257,665 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 68,672 shares, the short-interest ratio is presently 2.2 days.

Datasea Price Performance

NASDAQ:DTSS traded up $0.01 during trading hours on Thursday, reaching $0.82. The company’s stock had a trading volume of 12,297 shares, compared to its average volume of 195,445. The company has a market cap of $8.58 million, a price-to-earnings ratio of -2.57 and a beta of 0.77. Datasea has a one year low of $0.58 and a one year high of $2.50. The business’s 50-day moving average is $0.83 and its 200-day moving average is $0.90.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Datasea from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new position in Datasea stock. Susquehanna International Group LLP acquired a new stake in shares of Datasea Inc. (NASDAQ:DTSS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned about 0.27% of Datasea as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 82.07% of the company’s stock.

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.