Short Interest in DatChat, Inc. (NASDAQ:DATS) Drops By 56.0%

DatChat, Inc. (NASDAQ:DATS) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 136,900 shares, a decline of 56.0% from the November 15th total of 311,300 shares. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is presently 0.1 days. Approximately 5.0% of the company’s shares are short sold.

DatChat Stock Down 5.1 %

Shares of NASDAQ:DATS opened at $1.69 on Friday. The business’s 50 day moving average is $1.74 and its 200 day moving average is $1.46. The stock has a market cap of $5.09 million, a P/E ratio of -0.82 and a beta of 2.34. DatChat has a 52-week low of $1.01 and a 52-week high of $4.13.

DatChat Company Profile

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 develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.