DatChat, Inc. (NASDAQ:DATS) Sees Large Decrease in Short Interest

DatChat, Inc. (NASDAQ:DATS) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 204,400 shares, a decrease of 16.5% from the February 28th total of 244,700 shares. Approximately 5.2% of the company’s shares are sold short. Based on an average daily volume of 10,390,000 shares, the short-interest ratio is presently 0.0 days.

DatChat Price Performance

NASDAQ DATS opened at $3.86 on Tuesday. DatChat has a 1-year low of $1.01 and a 1-year high of $9.34. The stock has a 50-day moving average of $2.88 and a two-hundred day moving average of $2.33. The company has a market cap of $11.61 million, a P/E ratio of -1.88 and a beta of 2.52.

DatChat (NASDAQ:DATS) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.28) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DatChat stock. Renaissance Technologies LLC acquired a new position in shares of DatChat, Inc. (NASDAQ:DATS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,100 shares of the company’s stock, valued at approximately $55,000. Renaissance Technologies LLC owned about 1.03% of DatChat as of its most recent filing with the SEC. 0.92% of the stock is currently owned by hedge funds and other institutional investors.

About DatChat

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.