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

Datasea Inc. (NASDAQ:DTSS) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 162,853 shares, an increase of 119.1% from the July 30th total of 74,336 shares. Based on an average trading volume of 896,045 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Datasea stock. Susquehanna International Group LLP purchased a new stake in shares of Datasea Inc. (NASDAQ:DTSS) in the 3rd 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 as of its most recent SEC filing. Institutional investors and hedge funds own 82.07% of the company’s stock.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Datasea Stock Performance

Shares of DTSS stock opened at $0.70 on Monday. Datasea has a 1-year low of $0.58 and a 1-year high of $2.50. The company has a market capitalization of $7.34 million, a price-to-earnings ratio of -2.20 and a beta of 0.79. The stock’s fifty day simple moving average is $0.78 and its 200-day simple moving average is $0.86.

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.