Short Interest in Datasea Inc. (NASDAQ:DTSS) Drops By 22.4%

Datasea Inc. (NASDAQ:DTSS) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 48,004 shares, a decline of 22.4% from the March 15th total of 61,884 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 32,333 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Datasea in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Datasea Trading Up 26.1%

Shares of DTSS stock opened at $1.11 on Wednesday. The company’s 50-day moving average price is $0.93 and its 200-day moving average price is $1.22. The stock has a market cap of $11.60 million, a price-to-earnings ratio of -3.47 and a beta of 0.82. Datasea has a twelve month low of $0.64 and a twelve month high of $2.80.

Datasea (NASDAQ:DTSS) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $13.00 million for the quarter. Datasea had a negative net margin of 4.80% and a negative return on equity of 88.98%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP bought a new stake in Datasea Inc. (NASDAQ:DTSS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned about 0.27% of Datasea at the end of the most recent reporting period. 82.07% of the stock is owned by hedge funds and other institutional investors.

Datasea Company Profile

Datasea Data Cloud Technology Co, Ltd. is a technology company specializing in real-time interactive video distribution and industrial Internet of Things (IoT) solutions. The company’s core platform integrates artificial intelligence (AI), big data analytics and cloud computing to deliver immersive video experiences across various applications. Built on its proprietary VIEwu real-time video engine, Datasea supports high-definition streaming, low-latency transmission and interactive functionalities tailored to enterprise and consumer markets.

Founded in 2007 and headquartered in Beijing, Datasea serves a diverse customer base that includes education providers, public security agencies, commercial enterprises and online entertainment platforms.