DatChat, Inc. (NASDAQ:DATS) Short Interest Update

DatChat, Inc. (NASDAQ:DATS) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 8,900 shares, a decline of 82.0% from the February 29th total of 49,400 shares. Based on an average daily volume of 499,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of DatChat

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in 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 in the last quarter. Renaissance Technologies LLC boosted its stake in shares of DatChat by 164.6% in the 3rd quarter. Renaissance Technologies LLC now owns 225,946 shares of the company’s stock valued at $163,000 after purchasing an additional 140,546 shares in the last quarter. BlackRock Inc. boosted its stake in shares of DatChat by 468.7% in the 1st quarter. BlackRock Inc. now owns 30,100 shares of the company’s stock valued at $79,000 after purchasing an additional 24,807 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of DatChat by 116.7% in the 2nd quarter. Geode Capital Management LLC now owns 136,666 shares of the company’s stock valued at $73,000 after purchasing an additional 73,590 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of DatChat in the 3rd quarter valued at $71,000. Institutional investors own 0.92% of the company’s stock.

DatChat Stock Performance

DATS stock traded up $0.02 during mid-day trading on Thursday, hitting $1.44. The company had a trading volume of 19,763 shares, compared to its average volume of 490,937. DatChat has a 12 month low of $1.08 and a 12 month high of $8.49. The stock’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $2.00.

DatChat Company Profile

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.