DatChat, Inc. (NASDAQ:DATS) Short Interest Update

DatChat, Inc. (NASDAQ:DATS) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 204,400 shares, a drop of 16.5% from the February 28th total of 244,700 shares. Approximately 5.2% of the shares of the stock are sold short. Based on an average trading volume of 10,390,000 shares, the short-interest ratio is currently 0.0 days.

DatChat Stock Up 1.5 %

Shares of DATS traded up $0.05 on Thursday, reaching $3.29. The stock had a trading volume of 72,611 shares, compared to its average volume of 3,360,146. DatChat has a twelve month low of $1.01 and a twelve month high of $9.34. The firm has a market capitalization of $9.89 million, a PE ratio of -1.60 and a beta of 2.52. The firm has a 50-day moving average of $2.82 and a 200 day moving average of $2.35.

DatChat (NASDAQ:DATS) last posted its earnings results on Friday, March 28th. The company reported ($0.28) earnings per share for the quarter.

Hedge Funds Weigh In On DatChat

An institutional investor recently bought a new position in DatChat stock. Renaissance Technologies LLC purchased a new stake in DatChat, Inc. (NASDAQ:DATS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,100 shares of the company’s stock, valued at approximately $55,000. Renaissance Technologies LLC owned about 1.03% of DatChat at the end of the most recent reporting period. Institutional investors and hedge funds own 0.92% of the company’s stock.

DatChat Company Profile

DatChat, Inc a communication software company, develops mobile messaging application. The company offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.