Data Storage Co. (NASDAQ:DTST) Short Interest Update

Data Storage Co. (NASDAQ:DTST) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 350,200 shares, a growth of 9.3% from the November 30th total of 320,500 shares. Currently, 8.8% of the shares of the stock are sold short. Based on an average daily volume of 62,100 shares, the days-to-cover ratio is currently 5.6 days.

Data Storage Price Performance

Shares of DTST opened at $4.23 on Thursday. The firm’s 50 day simple moving average is $4.11 and its 200 day simple moving average is $4.47. The company has a market capitalization of $29.67 million, a P/E ratio of 211.50 and a beta of 0.78. Data Storage has a 1-year low of $2.75 and a 1-year high of $8.00.

Institutional Investors Weigh In On Data Storage

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in Data Storage during the third quarter valued at approximately $46,000. Hilltop Holdings Inc. bought a new position in Data Storage during the third quarter valued at approximately $73,000. Finally, Renaissance Technologies LLC grew its position in Data Storage by 79.8% during the second quarter. Renaissance Technologies LLC now owns 89,900 shares of the company’s stock valued at $590,000 after acquiring an additional 39,900 shares during the last quarter. 11.56% of the stock is owned by hedge funds and other institutional investors.

Data Storage Company Profile

Data Storage Corporation provides data management and cloud solutions in the United States and internationally. It offers a suite of multi-cloud IT solutions, including cyber security solutions, which comprise ezSecurity, a security solution for endpoint security, system assessments, and risk analysis, as well as IBM system protection, including Ransomware defense.