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

Datasea Inc. (NASDAQ:DTSS) was the target of a significant decline in short interest during 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. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 140,400 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Datasea

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

Datasea Trading Down 2.5 %

Shares of NASDAQ DTSS traded down $0.05 during midday trading on Tuesday, reaching $2.10. 27,023 shares of the stock were exchanged, compared to its average volume of 386,816. Datasea has a 12 month low of $1.65 and a 12 month high of $9.78. The business has a 50-day simple moving average of $2.15 and a two-hundred day simple moving average of $2.25.

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

About Datasea

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.