Short Interest in DatChat, Inc. (NASDAQ:DATS) Declines By 16.5%

DatChat, Inc. (NASDAQ:DATS) was the target of a large decrease in short interest in the month of 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. Based on an average trading volume of 10,390,000 shares, the short-interest ratio is presently 0.0 days. Approximately 5.2% of the shares of the company are sold short.

DatChat Stock Up 3.4 %

DATS traded up $0.11 during midday trading on Wednesday, reaching $3.30. The company had a trading volume of 467,816 shares, compared to its average volume of 3,359,177. The business has a 50-day moving average of $2.86 and a two-hundred day moving average of $2.34. The company has a market cap of $9.93 million, a P/E ratio of -1.61 and a beta of 2.52. DatChat has a 1 year low of $1.01 and a 1 year high of $9.34.

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

Institutional Trading of DatChat

A hedge fund recently bought a new stake in DatChat stock. Renaissance Technologies LLC purchased a new stake in shares of DatChat, Inc. (NASDAQ:DATS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,100 shares of the company’s stock, valued at approximately $55,000. Renaissance Technologies LLC owned approximately 1.03% of DatChat as of its most recent SEC filing. 0.92% of the stock is owned by 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.