Short Interest in DatChat, Inc. (NASDAQ:DATS) Grows By 99.6%

DatChat, Inc. (NASDAQ:DATS) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 273,200 shares, a growth of 99.6% from the November 30th total of 136,900 shares. Approximately 10.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 0.2 days.

DatChat Stock Performance

Shares of DatChat stock traded down $0.06 during trading on Friday, hitting $1.84. The company’s stock had a trading volume of 136,754 shares, compared to its average volume of 746,435. DatChat has a 52 week low of $1.01 and a 52 week high of $4.13. The company has a market capitalization of $5.54 million, a PE ratio of -0.90 and a beta of 2.34. The company has a fifty day simple moving average of $1.84 and a two-hundred day simple moving average of $1.51.

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.