Short Interest in DatChat, Inc. (NASDAQ:DATS) Decreases By 46.3%

DatChat, Inc. (NASDAQ:DATS) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 146,600 shares, a decrease of 46.3% from the December 15th total of 273,200 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is presently 0.0 days.

DatChat Stock Down 10.0 %

Shares of NASDAQ DATS traded down $0.54 during mid-day trading on Tuesday, hitting $4.88. 3,633,723 shares of the company were exchanged, compared to its average volume of 50,667,867. The stock has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $1.67. DatChat has a 1-year low of $1.01 and a 1-year high of $9.34. The firm has a market cap of $14.69 million, a price-to-earnings ratio of -2.38 and a beta of 2.34.

DatChat Company Profile

DatChat, Inc a communication software company, develops mobile messaging application. The company offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.