Short Interest in Datasea Inc. (NASDAQ:DTSS) Declines By 22.4%

Datasea Inc. (NASDAQ:DTSS) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 48,004 shares, a decline of 22.4% from the March 15th total of 61,884 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 32,333 shares, the short-interest ratio is currently 1.5 days.

Datasea Stock Performance

Datasea stock traded up $0.06 during midday trading on Thursday, reaching $1.13. 1,672,599 shares of the company were exchanged, compared to its average volume of 106,264. The company has a market capitalization of $11.81 million, a price-to-earnings ratio of -3.53 and a beta of 0.82. The firm’s 50-day simple moving average is $0.94 and its 200-day simple moving average is $1.22. Datasea has a 1 year low of $0.64 and a 1 year high of $2.80.

Datasea (NASDAQ:DTSS) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.06) EPS for the quarter. The company had revenue of $13.00 million for the quarter. Datasea had a negative return on equity of 88.98% and a negative net margin of 4.80%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Datasea in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Datasea

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP purchased a new position in Datasea Inc. (NASDAQ:DTSS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned about 0.27% of Datasea at the end of the most recent quarter. 82.07% of the stock is owned by hedge funds and other institutional investors.

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.