Short Interest in Datasea Inc. (NASDAQ:DTSS) Decreases By 36.0%

Datasea Inc. (NASDAQ:DTSS) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 200,600 shares, a decrease of 36.0% from the September 30th total of 313,300 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 971,300 shares, the days-to-cover ratio is presently 0.2 days.

Datasea Trading Down 2.8 %

Datasea stock opened at $2.47 on Friday. The company’s 50-day moving average price is $2.20 and its two-hundred day moving average price is $3.93. The stock has a market cap of $8.87 million, a price-to-earnings ratio of -0.44 and a beta of 0.70. Datasea has a 52 week low of $1.42 and a 52 week high of $20.29.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Instrumental Wealth LLC purchased a new position in Datasea Inc. (NASDAQ:DTSS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $45,000. Instrumental Wealth LLC owned approximately 0.28% of Datasea at the end of the most recent quarter. 82.07% of the stock is owned by institutional investors.

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.