Short Interest in Datasea Inc. (NASDAQ:DTSS) Drops By 17.4%

Datasea Inc. (NASDAQ:DTSS) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 110,100 shares, a decline of 17.4% from the February 13th total of 133,300 shares. Based on an average daily trading volume, of 140,400 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Datasea

An institutional investor recently bought a new position in Datasea stock. Citadel Advisors LLC purchased a new position in Datasea Inc. (NASDAQ:DTSS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,300 shares of the company’s stock, valued at approximately $76,000. Citadel Advisors LLC owned 0.48% of Datasea at the end of the most recent reporting period. 82.07% of the stock is currently owned by hedge funds and other institutional investors.

Datasea Stock Performance

Shares of NASDAQ DTSS opened at $2.08 on Thursday. The firm has a 50 day moving average of $2.15 and a 200 day moving average of $2.25. Datasea has a 12-month low of $1.65 and a 12-month high of $9.78.

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

Datasea Company Profile

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.