Short Interest in DatChat, Inc. (NASDAQ:DATS) Expands By 2,211.5%

DatChat, Inc. (NASDAQ:DATSGet Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 60,100 shares, a growth of 2,211.5% from the April 30th total of 2,600 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 75,200 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of DatChat

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp bought a new stake in DatChat during the 1st quarter worth approximately $42,000. Renaissance Technologies LLC increased its holdings in shares of DatChat by 9.2% in the 4th quarter. Renaissance Technologies LLC now owns 246,700 shares of the company’s stock worth $61,000 after buying an additional 20,754 shares during the last quarter. BlackRock Inc. increased its holdings in shares of DatChat by 468.7% in the 1st quarter. BlackRock Inc. now owns 30,100 shares of the company’s stock worth $79,000 after buying an additional 24,807 shares during the last quarter. Virtu Financial LLC bought a new position in shares of DatChat in the 3rd quarter worth $25,000. Finally, Vanguard Group Inc. increased its holdings in shares of DatChat by 96.1% in the 1st quarter. Vanguard Group Inc. now owns 115,634 shares of the company’s stock worth $303,000 after buying an additional 56,653 shares during the last quarter. Institutional investors own 3.51% of the company’s stock.

DatChat Stock Down 4.0 %

DatChat stock opened at $0.39 on Friday. The firm’s 50 day simple moving average is $0.45 and its 200 day simple moving average is $0.51. DatChat has a 1-year low of $0.14 and a 1-year high of $1.54.

DatChat Company Profile

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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 also develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.

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