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

Datasea Inc. (NASDAQ:DTSS) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 257,665 shares, a growth of 1,090.5% from the May 31st total of 21,643 shares. Based on an average trading volume of 1,351,035 shares, the days-to-cover ratio is currently 0.2 days. Currently, 5.0% of the company’s shares are sold short.

Datasea Stock Up 3.0%

Datasea stock traded up $0.02 during mid-day trading on Friday, reaching $0.75. 61,221 shares of the company’s stock were exchanged, compared to its average volume of 836,873. Datasea has a twelve month low of $0.58 and a twelve month high of $2.50. The company has a market cap of $7.86 million, a P/E ratio of -2.35 and a beta of 0.76. The company has a fifty day moving average of $0.88 and a 200-day moving average of $0.93.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Datasea stock. Susquehanna International Group LLP bought a new position in shares of Datasea Inc. (NASDAQ:DTSS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 reporting period. 82.07% of the stock is owned by institutional investors and hedge funds.

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.