Short Interest in Datasea Inc. (NASDAQ:DTSS) Rises By 51.5%

Datasea Inc. (NASDAQ:DTSS) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 31,332 shares, a growth of 51.5% from the November 30th total of 20,678 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 79,596 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 79,596 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the company’s stock are short sold.

Hedge Funds Weigh In On Datasea

An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP bought a new position in Datasea Inc. (NASDAQ:DTSS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 Stock Down 9.0%

Shares of Datasea stock traded down $0.08 during trading hours on Monday, reaching $0.77. The company’s stock had a trading volume of 28,602 shares, compared to its average volume of 108,237. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.62 and a current ratio of 0.67. The stock’s fifty day simple moving average is $1.43 and its two-hundred day simple moving average is $1.82. The company has a market capitalization of $6.56 million, a P/E ratio of -1.82 and a beta of 0.55. Datasea has a one year low of $0.80 and a one year high of $3.10.

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

Wall Street Analysts Forecast Growth

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