Datasea Inc. (NASDAQ:DTSS) Short Interest Update

Datasea Inc. (NASDAQ:DTSS) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 257,665 shares, a growth of 1,090.5% from the May 31st total of 21,643 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average daily volume of 1,351,035 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Datasea

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Datasea from a “sell (e)” rating to a “sell (e-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Datasea Trading Down 8.7%

NASDAQ:DTSS opened at $0.73 on Friday. The stock’s 50-day moving average is $0.89 and its 200-day moving average is $0.93. Datasea has a 1-year low of $0.58 and a 1-year high of $2.50. The stock has a market cap of $7.63 million, a P/E ratio of -2.28 and a beta of 0.76.

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.