DatChat, Inc. (NASDAQ:DATS) Short Interest Up 233.6% in January

DatChat, Inc. (NASDAQ:DATSGet Free Report) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 36,700 shares, a growth of 233.6% from the January 15th total of 11,000 shares. Based on an average daily volume of 449,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.1% of the shares of the company are sold short.

DatChat Stock Down 10.3 %

Shares of DATS traded down $0.14 during midday trading on Monday, reaching $1.22. The stock had a trading volume of 213,735 shares, compared to its average volume of 916,459. The firm’s 50 day moving average price is $1.98 and its 200-day moving average price is $2.82. DatChat has a 52 week low of $1.08 and a 52 week high of $8.49.

DatChat (NASDAQ:DATSGet Free Report) last issued its quarterly earnings results on Monday, November 13th. The company reported ($1.13) EPS for the quarter.

Institutional Trading of DatChat

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp acquired a new stake in DatChat during the 1st quarter worth approximately $42,000. BlackRock Inc. raised its holdings in DatChat by 468.7% in the 1st quarter. BlackRock Inc. now owns 30,100 shares of the company’s stock valued at $79,000 after acquiring an additional 24,807 shares in the last quarter. Virtu Financial LLC increased its stake in DatChat by 203.0% in the second quarter. Virtu Financial LLC now owns 47,796 shares of the company’s stock valued at $26,000 after acquiring an additional 32,022 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in DatChat in the first quarter valued at approximately $130,000. Finally, Citadel Advisors LLC acquired a new position in shares of DatChat during the third quarter worth $71,000. 2.57% of the stock is owned by institutional investors.

DatChat Company Profile

(Get Free Report)

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.

Further Reading

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