Data Storage Corp. (NASDAQ:DTST) Stock Short Interest Report for October

Data Storage Corp. (NASDAQ:DTST – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 27,299 shares, a decrease of 39.1% from the September 30th total of 44,847 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 9,470 shares, the days-to-cover ratio is presently 2.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Data Storage from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Sell rating. According to MarketBeat, Data Storage presently has a consensus rating of “Sell”.

Read Our Latest Analysis on Data Storage

Data Storage Trading Up 1.5%

NASDAQ DTST traded up $0.04 during trading hours on Monday, hitting $3.02. 26,783 shares of the company’s stock traded hands, compared to its average volume of 24,997. The business’s fifty day moving average price is $3.08 and its two-hundred day moving average price is $3.64. The firm has a market capitalization of $7.07 million, a P/E ratio of -3.98 and a beta of 1.19. Data Storage has a 52 week low of $2.75 and a 52 week high of $5.15.

Data Storage (NASDAQ:DTST – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.24). Data Storage had a negative return on equity of 5.48% and a net margin of 1,247.09%. The company had revenue of $0.36 million during the quarter, compared to the consensus estimate of $0.40 million.

Data Storage Company Profile

(Get Free Report)

Data Storage Corporation provides cloud-based data management and information technology services for businesses. Its offerings are designed to help organizations protect, store, access and recover critical business data while supporting operational continuity.

The company’s services include cloud backup, disaster recovery, cloud storage, managed hosting and related infrastructure solutions. It also provides technology support intended to improve data security, system availability and recovery capabilities in the event of equipment failure, cyber incidents or other disruptions.

Data Storage Corporation primarily serves business customers in the United States.

Further Reading

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