DatChat, Inc. (NASDAQ:DATS) Sees Significant Drop in Short Interest

DatChat, Inc. (NASDAQ:DATS) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 311,300 shares, a drop of 14.3% from the October 31st total of 363,100 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 11.1% of the company’s stock are short sold.

DatChat Trading Down 4.7 %

DATS opened at $1.84 on Tuesday. The firm has a market cap of $5.54 million, a price-to-earnings ratio of -0.90 and a beta of 2.26. DatChat has a 12 month low of $1.01 and a 12 month high of $4.13. The stock has a fifty day moving average price of $1.64 and a 200-day moving average price of $1.44.

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.