Datasea Inc. (NASDAQ:DTSS) Sees Significant Decline in Short Interest

Datasea Inc. (NASDAQ:DTSS) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 85,600 shares, a drop of 22.3% from the February 28th total of 110,100 shares. Based on an average trading volume of 145,000 shares, the short-interest ratio is presently 0.6 days. Currently, 1.7% of the shares of the stock are sold short.

Institutional Trading of Datasea

An institutional investor recently bought a new position in Datasea stock. Citadel Advisors LLC acquired a new position in shares of Datasea Inc. (NASDAQ:DTSS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,300 shares of the company’s stock, valued at approximately $76,000. Citadel Advisors LLC owned approximately 0.48% of Datasea at the end of the most recent reporting period. Institutional investors own 82.07% of the company’s stock.

Datasea Price Performance

Shares of Datasea stock traded up $0.03 during trading on Tuesday, hitting $2.20. 2,037 shares of the company’s stock traded hands, compared to its average volume of 383,371. The firm’s fifty day moving average price is $2.16 and its 200 day moving average price is $2.26. Datasea has a twelve month low of $1.65 and a twelve month high of $9.78.

Datasea (NASDAQ:DTSS) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.16) earnings per share for the quarter. Datasea had a negative net margin of 26.69% and a negative return on equity of 618.32%.

Datasea Company Profile

Datasea Inc, through its subsidiaries, provides technology and information systems in the People's Republic of China. The company provides smart city solutions and 5G messaging applications. It also offers its smart security solutions primarily to schools, tourist or scenic attractions, and public communities.