Datasea Inc. (NASDAQ:DTSS) Sees Significant Growth in Short Interest

Datasea Inc. (NASDAQ:DTSS) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 257,665 shares, a growth of 1,090.5% from the May 31st total of 21,643 shares. Based on an average daily volume of 1,351,035 shares, the short-interest ratio is currently 0.2 days. Currently, 5.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Datasea from a “sell (e)” rating to a “sell (e-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Datasea Price Performance

Shares of DTSS opened at $0.73 on Friday. The firm has a 50 day simple moving average of $0.89 and a two-hundred day simple moving average of $0.93. Datasea has a one year low of $0.58 and a one year high of $2.50. The company has a market cap of $7.63 million, a P/E ratio of -2.28 and a beta of 0.76.

Institutional Trading of Datasea

An institutional investor recently bought a new stake in Datasea stock. Susquehanna International Group LLP acquired a new stake in Datasea Inc. (NASDAQ:DTSS) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned approximately 0.27% of Datasea as of its most recent SEC filing. Hedge funds and other institutional investors own 82.07% of the company’s stock.

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.