Data Storage Co. (NASDAQ:DTST) Sees Significant Increase in Short Interest

Data Storage Co. (NASDAQ:DTST) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 256,400 shares, a growth of 183.0% from the February 29th total of 90,600 shares. Based on an average daily trading volume, of 114,100 shares, the short-interest ratio is currently 2.2 days. Approximately 6.7% of the company’s stock are short sold.

Data Storage Stock Down 25.1 %

NASDAQ:DTST traded down $1.92 on Friday, reaching $5.72. The stock had a trading volume of 812,011 shares, compared to its average volume of 265,110. Data Storage has a 12-month low of $1.60 and a 12-month high of $7.65. The stock has a market cap of $39.24 million, a P/E ratio of -14.30 and a beta of 0.43. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $4.75 and a 200 day moving average of $3.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Data Storage by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 109,775 shares of the company’s stock valued at $316,000 after purchasing an additional 5,678 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Data Storage during the second quarter worth approximately $117,000. Millennium Management LLC bought a new stake in shares of Data Storage in the second quarter worth $84,000. Citadel Advisors LLC acquired a new stake in Data Storage in the fourth quarter valued at $81,000. Finally, Jane Street Group LLC acquired a new stake in Data Storage in the first quarter valued at $46,000. Hedge funds and other institutional investors own 11.56% of the company’s stock.

Data Storage Company Profile

Data Storage Corporation provides multi-cloud information technology solutions primarily in the United States. The company offers data protection and disaster recovery solutions; high availability, data vaulting, retention, Infrastructure as a Service, standby server, support and maintenance, and internet solutions.