Datasea Inc. (NASDAQ:DTSS) Short Interest Update

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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Datasea from a “sell (e)” rating to a “sell (e-)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Datasea Stock Up 6.7%

DTSS stock traded up $0.05 during mid-day trading on Friday, hitting $0.84. The company had a trading volume of 209,299 shares, compared to its average volume of 52,876. The company has a 50-day moving average price of $0.92 and a 200 day moving average price of $1.00. Datasea has a 12-month low of $0.64 and a 12-month high of $2.50. The company has a market capitalization of $8.81 million, a price-to-earnings ratio of -2.63 and a beta of 0.76.

Institutional Trading of Datasea

An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP acquired a new position in shares of Datasea Inc. (NASDAQ:DTSS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 reporting period. 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.