Datasea Inc. (NASDAQ:DTSS) Short Interest Down 40.4% in June

Datasea Inc. (NASDAQ:DTSS) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 153,490 shares, a decline of 40.4% from the June 15th total of 257,665 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average trading volume of 68,672 shares, the short-interest ratio is presently 2.2 days.

Datasea Price Performance

DTSS stock traded down $0.04 during midday trading on Friday, hitting $0.81. The company’s stock had a trading volume of 7,988 shares, compared to its average volume of 27,651. The company’s fifty day moving average price is $0.82 and its 200 day moving average price is $0.90. Datasea has a twelve month low of $0.58 and a twelve month high of $2.50. The stock has a market capitalization of $8.48 million, a P/E ratio of -2.54 and a beta of 0.77.

Institutional Trading of Datasea

A hedge fund recently bought a new position in Datasea stock. Susquehanna International Group LLP purchased a new stake in shares of Datasea Inc. (NASDAQ:DTSS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned about 0.27% of Datasea as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 82.07% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised Datasea from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.