Datasea Inc. (NASDAQ:DTSS – Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 27,466 shares, a decrease of 58.8% from the April 30th total of 66,683 shares. Based on an average daily trading volume, of 50,658 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are sold short.
Datasea Price Performance
Shares of DTSS traded up $0.04 during mid-day trading on Tuesday, reaching $0.89. 485,833 shares of the company’s stock traded hands, compared to its average volume of 52,876. The stock has a market cap of $9.26 million, a P/E ratio of -2.66 and a beta of 0.80. The stock’s 50-day moving average is $0.92 and its two-hundred day moving average is $0.99. Datasea has a 12 month low of $0.64 and a 12 month high of $2.50.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP purchased a new stake in Datasea Inc. (NASDAQ:DTSS – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned 0.27% of Datasea as of its most recent filing with the Securities and Exchange Commission (SEC). 82.07% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on DTSS
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.
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