Datasea Inc. (NASDAQ:DTSS) Stock Short Interest Report for October

Datasea Inc. (NASDAQ:DTSS) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 215,160 shares, an increase of 67.8% from the September 30th total of 128,221 shares. Based on an average daily volume of 332,898 shares, the days-to-cover ratio is presently 0.6 days. Approximately 4.2% of the shares of the company are sold short.

Datasea Stock Down 3.2%

Datasea stock opened at $0.60 on Monday. The stock has a market cap of $6.25 million, a P/E ratio of -1.88 and a beta of 0.80. Datasea has a twelve month low of $0.52 and a twelve month high of $2.29. The company’s 50-day moving average price is $0.71 and its two-hundred day moving average price is $0.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Datasea from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Datasea presently has a consensus rating of “Sell”.

Datasea Company Profile

Datasea Inc (NASDAQ: DTSS) is a technology company focused on 5G communications, acoustic intelligence and smart-city solutions. Its business activities include the development and commercialization of technology designed to support connected infrastructure, digital services and intelligent applications.

The company’s offerings have included 5G-related communication products and services, as well as solutions incorporating artificial intelligence, the Internet of Things and data analytics.