Datasea Inc. (NASDAQ:DTSS) Stock Short Interest Climbs 67.8%

Datasea Inc. (NASDAQ:DTSS) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 215,160 shares, a growth of 67.8% from the September 30th total of 128,221 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily trading volume, of 332,898 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Datasea from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Datasea Trading Up 2.9%

DTSS stock opened at $0.59 on Wednesday. The company has a fifty day moving average price of $0.70 and a 200 day moving average price of $0.84. Datasea has a 12 month low of $0.52 and a 12 month high of $2.29.

About Datasea

Datasea Inc (NASDAQ: DTSS) is a technology company focused on 5G communications, acoustic intelligence and smart-city solutions. Its business activities include the development and commercialization of technology designed to support connected infrastructure, digital services and intelligent applications.

The company’s offerings have included 5G-related communication products and services, as well as solutions incorporating artificial intelligence, the Internet of Things and data analytics.