DatChat, Inc. (NASDAQ:DATS – Get Rating) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 457,900 shares, a growth of 70.5% from the December 31st total of 268,600 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 326,300 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of DatChat

A number of large investors have recently added to or reduced their stakes in DATS. BlackRock Inc. increased its holdings in DatChat by 468.7% during the first quarter. BlackRock Inc. now owns 30,100 shares of the company's stock worth $79,000 after buying an additional 24,807 shares during the last quarter. Vanguard Group Inc. increased its holdings in DatChat by 96.1% during the first quarter. Vanguard Group Inc. now owns 115,634 shares of the company's stock worth $303,000 after buying an additional 56,653 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in DatChat during the first quarter worth about $130,000. State Street Corp purchased a new stake in DatChat during the first quarter worth about $42,000. Finally, Virtu Financial LLC purchased a new stake in DatChat during the third quarter worth about $25,000. Hedge funds and other institutional investors own 3.51% of the company's stock.

DatChat Stock Performance

NASDAQ DATS opened at $0.64 on Friday. DatChat has a 52-week low of $0.14 and a 52-week high of $3.23. The company has a 50-day simple moving average of $0.45 and a 200 day simple moving average of $0.73.

About DatChat

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.

See Also

• Get a free copy of the StockNews.com research report on DatChat (DATS)
• MarketBeat Week in Review – 1/23- 1/27
• Why Lucid Spiked Nearly 100% In One Day
• Ride These Railroad Stocks for Growth and Income
• ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
• KLA Corporation: Strength In A Troubled Semi-Market

Receive News & Ratings for DatChat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DatChat and related companies with MarketBeat.com's FREE daily email newsletter.