Short Interest in DatChat, Inc. (NASDAQ:DATS) Decreases By 38.8%

by · The Cerbat Gem

DatChat, Inc. (NASDAQ:DATS – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 13,700 shares, a drop of 38.8% from the September 30th total of 22,400 shares. Based on an average trading volume of 68,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the company’s stock are short sold.

DatChat Trading Up 8.1 %

Shares of DATS traded up $0.12 during midday trading on Friday, hitting $1.61. 592,956 shares of the company’s stock traded hands, compared to its average volume of 520,947. The stock has a market capitalization of $4.84 million, a price-to-earnings ratio of -0.46 and a beta of 2.31. DatChat has a 1 year low of $1.01 and a 1 year high of $4.13. The firm’s fifty day moving average is $1.27 and its 200-day moving average is $1.32.

DatChat (NASDAQ:DATS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.33) earnings per share for the quarter.

About DatChat

(Get Free Report)

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.

Featured Articles