Datasea Inc. (NASDAQ:DTSS) Short Interest Update

Datasea Inc. (NASDAQ:DTSS) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 74,336 shares, a drop of 40.3% from the July 15th total of 124,425 shares. Based on an average daily trading volume, of 23,144 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Datasea from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Datasea stock. Susquehanna International Group LLP acquired a new stake in Datasea Inc. (NASDAQ:DTSS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned 0.27% of Datasea as of its most recent SEC filing. 82.07% of the stock is currently owned by institutional investors.

Datasea Stock Down 2.0%

NASDAQ:DTSS traded down $0.01 during midday trading on Wednesday, reaching $0.74. The stock had a trading volume of 53,142 shares, compared to its average volume of 225,204. The stock has a market cap of $7.75 million, a P/E ratio of -2.32 and a beta of 0.79. The firm has a fifty day simple moving average of $0.80 and a two-hundred day simple moving average of $0.88. Datasea has a 12-month low of $0.58 and a 12-month high of $2.50.

Datasea Company Profile

Datasea Data Cloud Technology Co, Ltd. is a technology company specializing in real-time interactive video distribution and industrial Internet of Things (IoT) solutions. The company’s core platform integrates artificial intelligence (AI), big data analytics and cloud computing to deliver immersive video experiences across various applications. Built on its proprietary VIEwu real-time video engine, Datasea supports high-definition streaming, low-latency transmission and interactive functionalities tailored to enterprise and consumer markets.

Founded in 2007 and headquartered in Beijing, Datasea serves a diverse customer base that includes education providers, public security agencies, commercial enterprises and online entertainment platforms.