DatChat, Inc. (NASDAQ:DATS) Short Interest Up 99.6% in December

DatChat, Inc. (NASDAQ:DATS) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 273,200 shares, a growth of 99.6% from the November 30th total of 136,900 shares. Based on an average daily volume of 1,250,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 10.0% of the company’s shares are sold short.

DatChat Stock Down 3.2 %

Shares of NASDAQ:DATS traded down $0.06 on Friday, hitting $1.84. The company had a trading volume of 136,754 shares, compared to its average volume of 746,435. The firm’s 50-day simple moving average is $1.84 and its two-hundred day simple moving average is $1.50. The firm has a market capitalization of $5.54 million, a price-to-earnings ratio of -0.90 and a beta of 2.34. DatChat has a 1 year low of $1.01 and a 1 year high of $4.13.

About DatChat

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.