Datasea Inc. (NASDAQ:DTSS) Sees Large Increase in Short Interest

Datasea Inc. (NASDAQ:DTSS) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 18,910 shares, an increase of 45.0% from the December 31st total of 13,038 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 89,299 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 89,299 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat, Datasea has an average rating of “Sell”.

Datasea Stock Down 5.2%

Shares of Datasea stock opened at $1.09 on Tuesday. The stock’s fifty day moving average is $1.03 and its 200-day moving average is $1.62. The firm has a market capitalization of $9.34 million, a PE ratio of -2.60 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.14. Datasea has a 12-month low of $0.64 and a 12-month high of $2.89.

Datasea (NASDAQ:DTSS) last issued its quarterly earnings results on Friday, September 26th. The company reported $0.40 earnings per share for the quarter. Datasea had a negative return on equity of 110.68% and a negative net margin of 5.17%.The firm had revenue of $19.73 million for the quarter.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP acquired a new position in shares of Datasea Inc. (NASDAQ:DTSS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned approximately 0.27% of Datasea as of its most recent filing with the Securities and Exchange Commission. 82.07% of the stock is owned by institutional investors.

About Datasea

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.