Short Interest in Datasea Inc. (NASDAQ:DTSS) Rises By 562.5%

Datasea Inc. (NASDAQ:DTSS) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 125,276 shares, an increase of 562.5% from the January 15th total of 18,910 shares. Based on an average daily trading volume, of 207,462 shares, the short-interest ratio is currently 0.6 days. Currently, 3.0% of the company’s shares are short sold. Currently, 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 207,462 shares, the short-interest ratio is currently 0.6 days.

Datasea Stock Up 12.0%

NASDAQ DTSS traded up $0.12 during trading hours on Tuesday, hitting $1.12. 68,029 shares of the company were exchanged, compared to its average volume of 127,854. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.14. The firm has a market cap of $9.60 million, a price-to-earnings ratio of -2.67 and a beta of 0.79. The company has a 50 day moving average of $1.00 and a two-hundred day moving average of $1.57. Datasea has a 52-week low of $0.64 and a 52-week high of $2.89.

Datasea (NASDAQ:DTSS) last announced its quarterly earnings data on Friday, September 26th. The company reported $0.40 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.

Institutional Investors Weigh In On Datasea

An institutional investor recently bought a new position in Datasea stock. Susquehanna International Group LLP acquired a new position in shares of Datasea Inc. (NASDAQ:DTSS) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned about 0.27% of Datasea at the end of the most recent quarter. 82.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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