Data Storage Corp. (NASDAQ:DTST) Short Interest Update

Data Storage Corp. (NASDAQ:DTST) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 50,852 shares, a decrease of 32.7% from the November 30th total of 75,521 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 186,512 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 186,512 shares, the short-interest ratio is presently 0.3 days. Currently, 1.2% of the company’s stock are sold short.

Insider Activity at Data Storage

In other news, Director Thomas Kempster sold 6,846 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $4.99, for a total value of $34,161.54. Following the sale, the director directly owned 871,972 shares of the company’s stock, valued at approximately $4,351,140.28. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles M. Piluso sold 20,089 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $4.99, for a total value of $100,244.11. Following the transaction, the chief executive officer owned 413,291 shares of the company’s stock, valued at $2,062,322.09. The trade was a 4.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 69,988 shares of company stock worth $349,240 over the last quarter. 43.83% of the stock is currently owned by company insiders.

Institutional Trading of Data Storage

A hedge fund recently raised its stake in Data Storage stock. Dimensional Fund Advisors LP raised its position in Data Storage Corp. (NASDAQ:DTST) by 15.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,574 shares of the company’s stock after acquiring an additional 4,920 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.52% of Data Storage worth $162,000 at the end of the most recent quarter. 11.56% of the stock is owned by hedge funds and other institutional investors.

Data Storage Stock Performance

Shares of DTST traded up $0.02 during mid-day trading on Monday, hitting $5.09. 13,185 shares of the company traded hands, compared to its average volume of 131,237. The stock has a 50-day moving average price of $4.47 and a two-hundred day moving average price of $4.34. Data Storage has a 1 year low of $2.93 and a 1 year high of $5.44. The stock has a market cap of $36.95 million, a price-to-earnings ratio of 2.38 and a beta of 1.13.

Data Storage (NASDAQ:DTST) last issued its earnings results on Wednesday, November 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.16. Data Storage had a net margin of 81.52% and a negative return on equity of 1.13%. The company had revenue of $0.42 million for the quarter, compared to analysts’ expectations of $0.40 million.

Analyst Ratings Changes

A number of analysts have weighed in on DTST shares. Wall Street Zen upgraded shares of Data Storage from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Maxim Group cut shares of Data Storage from a “buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Data Storage in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Data Storage

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense. The company also provides data protection and recovery solutions, such as ezVault for offsite data protection; ezRecovery for fast data recovery; ezAvailability for real-time data replication with minimal recovery objectives; and ezMirror for data mirroring at the storage level.