Short Interest in Datasea Inc. (NASDAQ:DTSS) Declines By 58.4%

Datasea Inc. (NASDAQ:DTSS) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 13,038 shares, a drop of 58.4% from the December 15th total of 31,332 shares. Based on an average daily volume of 78,986 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 78,986 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Datasea in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP acquired a new position in Datasea Inc. (NASDAQ:DTSS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter. Hedge funds and other institutional investors own 82.07% of the company’s stock.

Datasea Stock Up 1.2%

Shares of Datasea stock traded up $0.01 on Thursday, hitting $0.82. 15,069 shares of the company traded hands, compared to its average volume of 87,411. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.14. Datasea has a 12-month low of $0.64 and a 12-month high of $3.10. The company has a 50-day moving average price of $1.13 and a 200 day moving average price of $1.70. The company has a market cap of $7.03 million, a PE ratio of -1.95 and a beta of 0.62.

Datasea (NASDAQ:DTSS) last issued its earnings results on Friday, September 26th. The company reported $0.40 EPS for the quarter. Datasea had a negative return on equity of 110.68% and a negative net margin of 5.17%.The firm had revenue of $19.73 million for the quarter.

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.