Data Storage Co. (NASDAQ:DTST) Sees Large Increase in Short Interest

Data Storage Co. (NASDAQ:DTST) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 439,100 shares, a growth of 8.0% from the March 31st total of 406,600 shares. Based on an average daily volume of 157,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 11.6% of the company’s stock are short sold.

Data Storage Stock Performance

Shares of DTST traded down $0.15 on Tuesday, hitting $4.84. 63,925 shares of the stock traded hands, compared to its average volume of 129,283. Data Storage has a one year low of $1.70 and a one year high of $7.65. The company has a market capitalization of $33.49 million, a PE ratio of 96.82 and a beta of 0.47. The business has a 50 day simple moving average of $5.45 and a 200 day simple moving average of $3.97.

Data Storage (NASDAQ:DTST) last issued its earnings results on Thursday, March 28th. The company reported ($0.01) EPS for the quarter. Data Storage had a net margin of 1.53% and a return on equity of 1.96%. The business had revenue of $6.19 million for the quarter.

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.