Data Storage Co. (NASDAQ:DTST) Short Interest Update

Data Storage Co. (NASDAQ:DTST) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 349,000 shares, a decrease of 8.9% from the September 30th total of 382,900 shares. Based on an average daily volume of 58,400 shares, the days-to-cover ratio is presently 6.0 days. Currently, 8.7% of the company’s stock are sold short.

Institutional Trading of Data Storage

A number of institutional investors and hedge funds have recently modified their holdings of DTST. Renaissance Technologies LLC raised its holdings in shares of Data Storage by 79.8% during the second quarter. Renaissance Technologies LLC now owns 89,900 shares of the company’s stock worth $590,000 after purchasing an additional 39,900 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Data Storage during the first quarter worth $206,000. Finally, Perritt Capital Management Inc. raised its holdings in shares of Data Storage by 229.1% during the first quarter. Perritt Capital Management Inc. now owns 27,649 shares of the company’s stock worth $158,000 after purchasing an additional 19,247 shares during the period. 11.56% of the stock is owned by institutional investors and hedge funds.

Data Storage Trading Down 1.1 %

NASDAQ DTST traded down $0.04 during trading hours on Thursday, reaching $3.44. 17,543 shares of the company traded hands, compared to its average volume of 101,756. Data Storage has a 12 month low of $2.62 and a 12 month high of $8.00. The stock has a market capitalization of $23.98 million, a PE ratio of 38.22 and a beta of 0.73. The company has a 50 day moving average of $3.64 and a two-hundred day moving average of $5.01.

Data Storage (NASDAQ:DTST) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). The company had revenue of $4.91 million for the quarter. Data Storage had a net margin of 0.86% and a return on equity of 1.08%.

About Data Storage

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.