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

Datasea Inc. (NASDAQ:DTSS) was the target of a significant increase in short interest during 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. Based on an average daily volume of 89,299 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 89,299 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Datasea

An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP purchased a new stake in Datasea Inc. (NASDAQ:DTSS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned 0.27% of Datasea as of its most recent SEC filing. Institutional investors own 82.07% of the company’s stock.

Datasea Trading Down 6.5%

NASDAQ:DTSS opened at $1.15 on Friday. The firm’s 50 day moving average is $1.03 and its 200 day moving average is $1.63. Datasea has a 12 month low of $0.64 and a 12 month high of $2.89. The stock has a market capitalization of $9.86 million, a PE ratio of -2.74 and a beta of 0.62. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 0.14.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Datasea in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.