Short Interest in DatChat, Inc. (NASDAQ:DATS) Expands By 2,211.5%

DatChat, Inc. (NASDAQ:DATS – Get Rating) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 60,100 shares, an increase of 2,211.5% from the April 30th total of 2,600 shares. Based on an average daily volume of 75,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp purchased a new position in DatChat in the first quarter valued at about $42,000. Renaissance Technologies LLC boosted its stake in DatChat by 9.2% in the fourth quarter. Renaissance Technologies LLC now owns 246,700 shares of the company’s stock valued at $61,000 after acquiring an additional 20,754 shares during the last quarter. BlackRock Inc. boosted its stake in DatChat by 468.7% in the first quarter. BlackRock Inc. now owns 30,100 shares of the company’s stock valued at $79,000 after acquiring an additional 24,807 shares during the last quarter. Virtu Financial LLC purchased a new position in DatChat in the third quarter valued at about $25,000. Finally, Vanguard Group Inc. boosted its stake in DatChat by 96.1% in the first quarter. Vanguard Group Inc. now owns 115,634 shares of the company’s stock valued at $303,000 after acquiring an additional 56,653 shares during the last quarter. 3.51% of the stock is currently owned by hedge funds and other institutional investors.

DatChat Stock Performance

DatChat stock opened at $0.39 on Friday. DatChat has a fifty-two week low of $0.14 and a fifty-two week high of $1.54. The firm’s 50-day simple moving average is $0.45 and its 200 day simple moving average is $0.51.

About DatChat

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DatChat, Inc a communication software company, develops mobile messaging application. The company offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It also develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.