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

Datasea Inc. (NASDAQ:DTSS) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 74,336 shares, a decrease of 40.3% from the July 15th total of 124,425 shares. Based on an average trading volume of 23,144 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Datasea

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

Datasea Stock Down 3.1%

Shares of DTSS traded down $0.02 during midday trading on Tuesday, reaching $0.74. 16,946 shares of the stock were exchanged, compared to its average volume of 226,289. Datasea has a twelve month low of $0.58 and a twelve month high of $2.50. The stock’s 50 day simple moving average is $0.80 and its 200 day simple moving average is $0.89. The company has a market cap of $7.69 million, a P/E ratio of -2.30 and a beta of 0.79.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Datasea from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Datasea Company Profile

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.