Data Storage Co. (NASDAQ:DTST) Short Interest Up 8.0% in April

Data Storage Co. (NASDAQ:DTST) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 439,100 shares, an increase of 8.0% from the March 31st total of 406,600 shares. Based on an average daily trading volume, of 157,000 shares, the short-interest ratio is currently 2.8 days. Currently, 11.6% of the shares of the company are sold short.

Data Storage Trading Up 6.0 %

NASDAQ DTST opened at $5.13 on Thursday. The company has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $3.98. The stock has a market cap of $35.50 million, a P/E ratio of 102.62 and a beta of 0.47. Data Storage has a 12-month low of $1.70 and a 12-month high of $7.65.

Data Storage (NASDAQ:DTST) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $6.19 million during the quarter. Data Storage had a return on equity of 1.96% and a net margin of 1.53%.

Data Storage Company Profile

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.