Datasea Intelligent Technology Stock Jumps Over 45% Overnight: Here's What We Know

Datasea Intelligent Technology Ltd. (NASDAQ:DTSS) shares climbed 45.38% to $0.85 in overnight trading on Thursday.

Shares Rebound Sharply

This gain followed a Wednesday regular session decline of 7.63%, with DTSS stock closing at $0.59, according to Benzinga Pro data.

The stock saw unusually high trading activity, with 30.18 million DTSS shares traded. That was about 180 times its average trading volume of 167,324 shares. Short interest stood at 7.1%.

No immediate catalyst behind the stock move was identified.

What You Should Know

Datasea is a technology company based in Beijing that operates in network security and 5G data messaging. Its shares trade on the Nasdaq Capital Market at a low price.

Stocks like DTSS, which typically have low trading volume, can experience large percentage changes even when only a relatively small number of shares are traded. This can lead to sharp price moves in either direction during after-hours trading.

Trading Metrics, Technical Analysis

Datasea has a market capitalization of $6.176 million, a 52-week high of $2.50 and a 52-week low of $0.53.

The Relative Strength Index (RSI) of DTSS stands at 31.72.

The stock has fallen 72.88% over the past 12 months.

DTSS is currently trading near its lowest price of the year.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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