Short Interest in Datasea Inc. (NASDAQ:DTSS) Rises By 146.5%

Datasea Inc. (NASDAQ:DTSS) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 38,200 shares, a growth of 146.5% from the August 15th total of 15,500 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 59,900 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 59,900 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.1% of the shares of the company are short sold.

Datasea Stock Down 0.7%

NASDAQ:DTSS traded down $0.02 during trading hours on Monday, hitting $2.08. 7,389 shares of the company’s stock traded hands, compared to its average volume of 124,543. Datasea has a twelve month low of $1.63 and a twelve month high of $3.55. The stock’s fifty day moving average price is $2.01 and its two-hundred day moving average price is $2.08.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Datasea to a “hold” rating in a research note on Saturday, June 14th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Datasea stock. Citadel Advisors LLC bought a new position in Datasea Inc. (NASDAQ:DTSS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,300 shares of the company’s stock, valued at approximately $76,000. Citadel Advisors LLC owned about 0.48% of Datasea at the end of the most recent reporting period. Hedge funds and other institutional investors own 82.07% of the company’s stock.

About Datasea

Datasea Inc, through its subsidiaries, provides technology and information systems in the People's Republic of China. The company provides smart city solutions and 5G messaging applications. It also offers its smart security solutions primarily to schools, tourist or scenic attractions, and public communities.