Data Storage Co. (NASDAQ:DTST) Short Interest Up 11.7% in May

Data Storage Co. (NASDAQ:DTSTGet Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 430,600 shares, an increase of 11.7% from the April 30th total of 385,400 shares. Currently, 10.7% of the shares of the stock are sold short. Based on an average trading volume of 170,100 shares, the short-interest ratio is currently 2.5 days.

Data Storage Stock Performance

NASDAQ:DTST opened at $7.14 on Monday. The stock’s fifty day moving average price is $5.83 and its two-hundred day moving average price is $4.50. Data Storage has a 52-week low of $1.78 and a 52-week high of $8.00. The company has a market cap of $49.77 million, a price-to-earnings ratio of 79.34 and a beta of 0.54.

Data Storage (NASDAQ:DTSTGet Free Report) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $6.19 million during the quarter. Data Storage had a net margin of 2.61% and a return on equity of 3.48%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Data Storage stock. Acadian Asset Management LLC purchased a new stake in Data Storage Co. (NASDAQ:DTSTFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,231 shares of the company’s stock, valued at approximately $206,000. Acadian Asset Management LLC owned 0.52% of Data Storage as of its most recent SEC filing. 11.56% of the stock is currently owned by institutional investors.

About Data Storage

(Get Free Report)

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.

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