DatChat, Inc. (NASDAQ:DATS) Short Interest Up 29.2% in February

DatChat, Inc. (NASDAQ:DATS) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 248,500 shares, an increase of 29.2% from the January 31st total of 192,300 shares. Approximately 8.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,270,000 shares, the short-interest ratio is currently 0.0 days.

DatChat Stock Performance

DatChat stock traded down $0.02 during midday trading on Thursday, hitting $2.25. 9,649 shares of the company’s stock were exchanged, compared to its average volume of 2,737,384. The stock has a 50-day moving average price of $3.26 and a two-hundred day moving average price of $2.15. DatChat has a 52-week low of $1.01 and a 52-week high of $9.34. The company has a market cap of $6.76 million, a P/E ratio of -1.10 and a beta of 2.47.

Hedge Funds Weigh In On DatChat

A hedge fund recently raised its stake in DatChat stock. Geode Capital Management LLC raised its holdings in shares of DatChat, Inc. (NASDAQ:DATS) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,685 shares of the company’s stock after purchasing an additional 6,933 shares during the period. Geode Capital Management LLC owned 0.82% of DatChat worth $44,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.