Looking Into Datasea's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Datasea Inc. (NYSE:DTSS) has seen a 32.18% increase in its short percent of float since the last report, with 115 thousand shares sold short, representing 8.05% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Datasea's short interest is higher than its peer group average of 5.25%, suggesting more bearish sentiment compared to its peers.
April 08, 2024 | 2:45 pm
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Datasea Inc. has experienced a significant increase in short interest, indicating a bearish sentiment among investors.
The increase in short interest suggests that investors are expecting the price of DTSS to fall, which could lead to a negative short-term impact on the stock price. However, high short interest can sometimes lead to a short squeeze if the stock unexpectedly moves higher, causing short sellers to cover their positions.
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