Data Storage Corp. (NASDAQ:DTST) Sees Significant Decrease in Short Interest

Data Storage Corp. (NASDAQ:DTST) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 105,700 shares, a decrease of 51.2% from the September 15th total of 216,700 shares. Based on an average daily trading volume, of 356,400 shares, the short-interest ratio is presently 0.3 days. Approximately 2.7% of the company’s stock are short sold. Approximately 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 356,400 shares, the short-interest ratio is presently 0.3 days.

Data Storage Price Performance

NASDAQ:DTST opened at $4.13 on Monday. The business’s 50 day moving average is $4.44 and its two-hundred day moving average is $4.04. Data Storage has a 52 week low of $2.93 and a 52 week high of $5.44. The company has a market cap of $29.98 million, a PE ratio of -103.22 and a beta of 1.01.

Data Storage (NASDAQ:DTST) last released its earnings results on Thursday, August 14th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Data Storage had a negative return on equity of 1.42% and a negative net margin of 1.17%.The firm had revenue of $5.15 million for the quarter, compared to the consensus estimate of $6.20 million.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Maxim Group downgraded Data Storage from a “buy” rating to a “hold” rating in a report on Friday, September 19th. Weiss Ratings reissued a “sell (d)” rating on shares of Data Storage in a report on Wednesday, October 8th. UBS Group assumed coverage on Data Storage in a report on Wednesday, July 16th. They issued a “sell” rating for the company. Finally, Wall Street Zen downgraded Data Storage from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Data Storage

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.