Short Interest in Datasea Inc. (NASDAQ:DTSS) Declines By 40.4%

Datasea Inc. (NASDAQ:DTSS) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 153,490 shares, a decrease of 40.4% from the June 15th total of 257,665 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 68,672 shares, the days-to-cover ratio is presently 2.2 days.

Datasea Price Performance

Shares of DTSS traded up $0.01 during trading hours on Thursday, hitting $0.82. 12,297 shares of the company were exchanged, compared to its average volume of 195,445. The company has a market capitalization of $8.58 million, a PE ratio of -2.57 and a beta of 0.77. The firm has a fifty day simple moving average of $0.83 and a 200-day simple moving average of $0.90. Datasea has a one year low of $0.58 and a one year high of $2.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Datasea from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Susquehanna International Group LLP acquired a new position in shares of Datasea Inc. (NASDAQ:DTSS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,917 shares of the company’s stock, valued at approximately $44,000. Susquehanna International Group LLP owned 0.27% of Datasea at the end of the most recent quarter. 82.07% of the stock is owned by institutional investors.

About Datasea

Datasea Data Cloud Technology Co, Ltd. is a technology company specializing in real-time interactive video distribution and industrial Internet of Things (IoT) solutions. The company’s core platform integrates artificial intelligence (AI), big data analytics and cloud computing to deliver immersive video experiences across various applications. Built on its proprietary VIEwu real-time video engine, Datasea supports high-definition streaming, low-latency transmission and interactive functionalities tailored to enterprise and consumer markets.

Founded in 2007 and headquartered in Beijing, Datasea serves a diverse customer base that includes education providers, public security agencies, commercial enterprises and online entertainment platforms.