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

DatChat, Inc. (NASDAQ:DATS) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 136,900 shares, a drop of 56.0% from the November 15th total of 311,300 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is currently 0.1 days.

DatChat Stock Performance

DATS opened at $1.69 on Friday. The stock has a market cap of $5.09 million, a price-to-earnings ratio of -0.82 and a beta of 2.34. The firm’s fifty day moving average is $1.74 and its 200 day moving average is $1.46. DatChat has a fifty-two week low of $1.01 and a fifty-two week high of $4.13.

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.