DatChat, Inc. (NASDAQ:DATS – Get Rating) was the recipient of a large drop in short interest in December. As of December 30th, there was short interest totalling 268,600 shares, a drop of 15.3% from the December 15th total of 317,000 shares. Based on an average daily trading volume, of 284,100 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DATS. State Street Corp acquired a new stake in DatChat in the 1st quarter valued at about $42,000. BlackRock Inc. raised its holdings in 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 acquiring an additional 24,807 shares during the last quarter. Virtu Financial LLC acquired a new stake in DatChat in the 3rd quarter valued at about $25,000. Renaissance Technologies LLC acquired a new stake in DatChat in the 1st quarter valued at about $130,000. Finally, Citadel Advisors LLC acquired a new stake in DatChat in the 3rd quarter valued at about $71,000. 3.51% of the stock is owned by hedge funds and other institutional investors.

DatChat Trading Down 9.0 %

DatChat stock traded down $0.06 during midday trading on Friday, reaching $0.61. The company had a trading volume of 188,891 shares, compared to its average volume of 1,026,236. DatChat has a 12-month low of $0.14 and a 12-month high of $3.23. The firm's fifty day simple moving average is $0.44 and its 200-day simple moving average is $0.74.

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

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