Short Interest in DatChat, Inc. (NASDAQ:DATS) Rises By 250.0%

DatChat, Inc. (NASDAQ:DATS) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 715,500 shares, an increase of 250.0% from the March 15th total of 204,400 shares. Based on an average daily volume of 10,630,000 shares, the short-interest ratio is currently 0.1 days. Currently, 17.9% of the shares of the company are short sold.

Institutional Trading of DatChat

A hedge fund recently raised its stake in DatChat stock. Geode Capital Management LLC raised its holdings in DatChat, Inc. (NASDAQ:DATS) by 39.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,685 shares of the company’s stock after acquiring an additional 6,933 shares during the quarter. Geode Capital Management LLC owned 0.82% of DatChat worth $44,000 as of its most recent filing with the SEC. Institutional investors own 0.92% of the company’s stock.

DatChat Trading Up 0.4 %

NASDAQ:DATS opened at $2.27 on Thursday. The stock has a 50-day moving average price of $2.62 and a 200 day moving average price of $2.45. DatChat has a 12-month low of $1.01 and a 12-month high of $9.34. The stock has a market capitalization of $9.71 million, a P/E ratio of -1.11 and a beta of 1.98.

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

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.