Short Interest in DatChat, Inc. (NASDAQ:DATS) Drops By 82.0%

DatChat, Inc. (NASDAQ:DATS) was the target of a large decline in short interest in 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 sold short.

DatChat Trading Up 1.4 %

Shares of NASDAQ:DATS traded up $0.02 during trading hours on Thursday, hitting $1.44. The company’s stock had a trading volume of 19,763 shares, compared to its average volume of 490,937. DatChat has a 52 week low of $1.08 and a 52 week high of $8.49. The firm’s fifty day moving average price is $1.38 and its 200 day moving average price is $2.00.

Institutional Investors Weigh In On DatChat

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings 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. Renaissance Technologies LLC grew its position 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. Vanguard Group Inc. grew its position in shares of DatChat by 73.5% in the 3rd quarter. Vanguard Group Inc. now owns 150,744 shares of the company’s stock worth $109,000 after buying an additional 63,869 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of DatChat in the 3rd quarter worth approximately $71,000. Finally, State Street Corp purchased a new position in shares of DatChat in the 1st quarter worth approximately $42,000. Institutional investors own 0.92% of the company’s stock.

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.