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

Datasea Inc. (NASDAQ:DTSS) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 313,300 shares, an increase of 578.1% from the September 15th total of 46,200 shares. Based on an average daily trading volume, of 889,900 shares, the short-interest ratio is currently 0.4 days. Approximately 2.6% of the shares of the stock are short sold.

Datasea Stock Performance

Shares of DTSS traded up $0.09 during mid-day trading on Friday, hitting $2.31. The company’s stock had a trading volume of 265,999 shares, compared to its average volume of 1,069,109. The firm has a 50-day moving average price of $2.15 and a 200 day moving average price of $4.40. Datasea has a fifty-two week low of $1.42 and a fifty-two week high of $20.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Datasea stock. Instrumental Wealth LLC bought a new stake in Datasea Inc. (NASDAQ:DTSS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $45,000. Instrumental Wealth LLC owned about 0.28% of Datasea as of its most recent SEC filing. Hedge funds and other institutional investors own 82.07% of the company’s stock.

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.