Datasea Inc. (NASDAQ:DTSS) Sees Large Decline in Short Interest

Datasea Inc. (NASDAQ:DTSSGet Free Report) was the recipient of a significant decline in short interest during the month of 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. Approximately 3.0% of the shares of the stock are sold short. Based on an average trading volume of 68,672 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Datasea from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Datasea

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Datasea stock. Susquehanna International Group LLP acquired a new stake in Datasea Inc. (NASDAQ:DTSSFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned 0.27% of Datasea at the end of the most recent quarter. Hedge funds and other institutional investors own 82.07% of the company’s stock.

Datasea Price Performance

Datasea stock traded down $0.04 during trading on Friday, reaching $0.81. 1,030 shares of the company were exchanged, compared to its average volume of 194,327. Datasea has a 52-week low of $0.58 and a 52-week high of $2.50. The company has a market capitalization of $8.50 million, a P/E ratio of -2.57 and a beta of 0.77. The stock’s 50 day simple moving average is $0.83 and its two-hundred day simple moving average is $0.90.

About Datasea

(Get Free Report)

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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