Short Interest in Datasea Inc. (NASDAQ:DTSS) Decreases By 43.2%

Datasea Inc. (NASDAQ:DTSS) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 133,300 shares, a decline of 43.2% from the January 31st total of 234,500 shares. Based on an average daily trading volume, of 150,200 shares, the short-interest ratio is presently 0.9 days. Currently, 2.8% of the company’s stock are sold short.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Citadel Advisors LLC bought a new stake in shares of Datasea Inc. (NASDAQ:DTSS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 34,300 shares of the company’s stock, valued at approximately $76,000. Citadel Advisors LLC owned about 0.48% of Datasea at the end of the most recent reporting period. 82.07% of the stock is currently owned by institutional investors.

Datasea Stock Performance

Shares of NASDAQ:DTSS opened at $2.14 on Tuesday. Datasea has a 52-week low of $1.65 and a 52-week high of $13.20. The business’s 50 day simple moving average is $2.18 and its two-hundred day simple moving average is $2.25.

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

About Datasea

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.