Short Interest in DatChat Inc (NASDAQ:DATS) Rises By 838.2%

DatChat Inc (NASDAQ:DATSGet Rating) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,080,000 shares, an increase of 838.2% from the March 15th total of 221,700 shares. Based on an average daily volume of 6,813,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. purchased a new position in shares of DatChat in the third quarter valued at $242,000. BlackRock Inc. acquired a new position in shares of DatChat during the 3rd quarter worth approximately $71,000. Morgan Stanley purchased a new stake in DatChat in the 3rd quarter valued at approximately $116,000. Citadel Advisors LLC purchased a new stake in DatChat in the 3rd quarter valued at approximately $768,000. Finally, Verition Fund Management LLC acquired a new stake in DatChat during the 3rd quarter valued at $437,000. Institutional investors own 0.79% of the company’s stock.

DATS opened at $1.67 on Wednesday. DatChat has a 1-year low of $1.39 and a 1-year high of $18.50. The stock’s 50 day simple moving average is $2.01 and its 200 day simple moving average is $4.42.

DatChat Company Profile (Get Rating)

DatChat Inc is a communication software company which gives users the ability to communicate with privacy and protection. DatChat Inc is based in N.J.

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