Short Interest in Datasea Inc. (NASDAQ:DTSS) Rises By 6.0%

Datasea Inc. (NASDAQ:DTSS) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 26,600 shares, an increase of 6.0% from the August 15th total of 25,100 shares. Based on an average daily volume of 282,700 shares, the days-to-cover ratio is presently 0.1 days.

Datasea Stock Performance

Shares of DTSS traded up $0.67 during trading hours on Tuesday, hitting $2.94. The company had a trading volume of 40,345,735 shares, compared to its average volume of 1,063,285. The firm has a fifty day moving average price of $2.34 and a 200-day moving average price of $5.04. The stock has a market capitalization of $10.55 million, a price-to-earnings ratio of -0.53 and a beta of 0.69. Datasea has a 52-week low of $1.42 and a 52-week high of $20.29.

Hedge Funds Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Instrumental Wealth LLC bought a new position in Datasea Inc. (NASDAQ:DTSS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $45,000. Instrumental Wealth LLC owned about 0.28% of Datasea as of its most recent filing with the SEC. 82.07% of the stock is owned by hedge funds and other institutional investors.

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.