Datasea Inc. (NASDAQ:DTSS) Short Interest Up 562.5% in January

Datasea Inc. (NASDAQ:DTSS) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 125,276 shares, an increase of 562.5% from the January 15th total of 18,910 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 207,462 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 207,462 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Datasea

An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP bought a new stake in shares of Datasea Inc. (NASDAQ:DTSS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 quarter. Institutional investors own 82.07% of the company’s stock.

Datasea Price Performance

Shares of NASDAQ DTSS traded down $0.08 during mid-day trading on Thursday, reaching $0.97. The company had a trading volume of 33,032 shares, compared to its average volume of 131,813. The business’s 50-day simple moving average is $0.99 and its 200 day simple moving average is $1.57. 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 one year low of $0.64 and a one year high of $2.89.

Datasea (NASDAQ:DTSS) last issued its earnings results on Thursday, February 12th. The company reported ($0.06) EPS for the quarter. Datasea had a negative return on equity of 110.68% and a negative net margin of 5.17%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Datasea in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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.