DatChat, Inc. (NASDAQ:DATS – Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 204,400 shares, a decline of 16.5% from the February 28th total of 244,700 shares. Approximately 5.2% of the company’s shares are short sold. Based on an average daily trading volume, of 10,390,000 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of DatChat
An institutional investor recently raised its position in DatChat stock. Geode Capital Management LLC boosted its holdings in shares of DatChat, Inc. (NASDAQ:DATS – Free Report) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,685 shares of the company’s stock after buying an additional 6,933 shares during the quarter. Geode Capital Management LLC owned approximately 0.82% of DatChat worth $44,000 as of its most recent SEC filing. 0.92% of the stock is owned by institutional investors.
DatChat Stock Up 3.4 %
DATS traded up $0.11 during trading hours on Wednesday, reaching $3.30. 467,816 shares of the company’s stock traded hands, compared to its average volume of 3,359,177. DatChat has a 52-week low of $1.01 and a 52-week high of $9.34. The firm has a 50-day moving average price of $2.86 and a 200 day moving average price of $2.34. The firm has a market capitalization of $9.93 million, a PE ratio of -1.61 and a beta of 2.52.
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.
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