Short Interest in Datasea Inc. (NASDAQ:DTSS) Rises By 6.0%

Datasea Inc. (NASDAQ:DTSS) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 26,600 shares, an increase of 6.0% from the August 15th total of 25,100 shares. Based on an average daily trading volume, of 282,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Datasea

A hedge fund recently bought a new stake in Datasea stock. Instrumental Wealth LLC purchased a new stake in shares of Datasea Inc. (NASDAQ:DTSS) in the second quarter, according to its most recent 13F filing 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 0.28% of Datasea as of its most recent SEC filing. 82.07% of the stock is currently owned by institutional investors.

Datasea Stock Up 29.8 %

Shares of Datasea stock traded up $0.67 during trading hours on Tuesday, reaching $2.94. 40,345,735 shares of the stock traded hands, compared to its average volume of 1,063,285. The company has a 50 day moving average price of $2.34 and a 200 day moving average price of $5.04. The firm has a market capitalization of $10.55 million, a price-to-earnings ratio of -0.53 and a beta of 0.69. Datasea has a one year low of $1.42 and a one year high of $20.29.

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.