Short Interest in Datasea Inc. (NASDAQ:DTSS) Decreases By 22.3%

Datasea Inc. (NASDAQ:DTSS) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 85,600 shares, a decrease of 22.3% from the February 28th total of 110,100 shares. Based on an average trading volume of 145,000 shares, the short-interest ratio is currently 0.6 days. Currently, 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Citadel Advisors LLC acquired a new stake in shares of Datasea Inc. (NASDAQ:DTSS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,300 shares of the company’s stock, valued at approximately $76,000. Citadel Advisors LLC owned about 0.48% of Datasea at the end of the most recent quarter. Institutional investors and hedge funds own 82.07% of the company’s stock.

Datasea Stock Up 1.8 %

Shares of DTSS traded up $0.04 during mid-day trading on Wednesday, reaching $2.21. 8,541 shares of the stock traded hands, compared to its average volume of 383,036. Datasea has a 1 year low of $1.65 and a 1 year high of $9.78. The firm has a fifty day moving average price of $2.16 and a 200 day moving average price of $2.26.

Datasea (NASDAQ:DTSS) last announced its earnings results on Thursday, February 13th. The company reported ($0.16) earnings per share for the quarter. Datasea had a negative return on equity of 618.32% and a negative net margin of 26.69%.

About Datasea

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.