Data Storage Co. (NASDAQ:DTST) Short Interest Update

Data Storage Co. (NASDAQ:DTST) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 350,200 shares, a growth of 9.3% from the November 30th total of 320,500 shares. Based on an average daily volume of 62,100 shares, the short-interest ratio is currently 5.6 days. Approximately 8.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DTST. XTX Topco Ltd bought a new position in shares of Data Storage in the third quarter worth approximately $46,000. Hilltop Holdings Inc. purchased a new stake in Data Storage in the third quarter worth $73,000. Finally, Renaissance Technologies LLC lifted its stake in Data Storage by 79.8% in the second quarter. Renaissance Technologies LLC now owns 89,900 shares of the company’s stock worth $590,000 after acquiring an additional 39,900 shares during the period. Institutional investors own 11.56% of the company’s stock.

Data Storage Stock Performance

Shares of Data Storage stock opened at $4.23 on Thursday. Data Storage has a 52-week low of $2.75 and a 52-week high of $8.00. The stock has a market capitalization of $29.67 million, a price-to-earnings ratio of 211.50 and a beta of 0.78. The company’s 50 day moving average price is $4.11 and its 200-day moving average price is $4.47.

Data Storage Company Profile

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.