Datasea Inc. (NASDAQ:DTSS) Stock Short Interest Jumps 67.8%

Datasea Inc. (NASDAQ:DTSS) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 215,160 shares, a growth of 67.8% from the September 30th total of 128,221 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average trading volume of 332,898 shares, the short-interest ratio is presently 0.6 days.

Datasea Price Performance

Datasea stock opened at $0.60 on Monday. The firm has a market capitalization of $6.25 million, a PE ratio of -1.88 and a beta of 0.80. The company’s 50-day moving average is $0.71 and its 200-day moving average is $0.85. Datasea has a fifty-two week low of $0.52 and a fifty-two week high of $2.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Datasea from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About Datasea

Datasea Inc (NASDAQ: DTSS) is a technology company focused on 5G communications, acoustic intelligence and smart-city solutions. Its business activities include the development and commercialization of technology designed to support connected infrastructure, digital services and intelligent applications.

The company’s offerings have included 5G-related communication products and services, as well as solutions incorporating artificial intelligence, the Internet of Things and data analytics.