Datasea Inc. (NASDAQ:DTSS) Short Interest Down 36.0% in October

Datasea Inc. (NASDAQ:DTSS) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 200,600 shares, a decline of 36.0% from the September 30th total of 313,300 shares. Based on an average daily trading volume, of 971,300 shares, the short-interest ratio is currently 0.2 days. Approximately 1.7% of the shares of the company are short sold.

Datasea Stock Down 0.8 %

NASDAQ DTSS traded down $0.02 during trading on Tuesday, hitting $2.36. The company’s stock had a trading volume of 99,112 shares, compared to its average volume of 1,015,392. The firm has a 50 day moving average price of $2.20 and a 200 day moving average price of $3.85. The firm has a market cap of $8.47 million, a P/E ratio of -0.42 and a beta of 0.70. Datasea has a 52 week low of $1.42 and a 52 week high of $20.29.

Institutional Trading of Datasea

A hedge fund recently bought a new stake in Datasea stock. Instrumental Wealth LLC purchased a new stake in Datasea Inc. (NASDAQ:DTSS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $45,000. Instrumental Wealth LLC owned approximately 0.28% of Datasea at the end of the most recent reporting period. 82.07% of the stock is currently 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.