What In The World Is Going On With Datasea (DTSS) Stock?

Datasea Inc DTSS shares are trading lower by 19% to $7.35 during Tuesday’s session, pulling back following earlier, marked strength. The company announced the establishment of a joint venture company in China named Datasea Yiyun Digital Technology Co., Ltd. with Shenzhen Yiyun Technology Co., Ltd.

Datasea says the aim of the venture is to advance their presence in the 5G multimodal communications sector by combining AI and leveraging their respective technological capabilities. Datasea holds 66% equity while Yiyun Technology holds 34%.

Both companies say they believe their combined strengths will provide sustainable competitive advantages, particularly in terms of technological capabilities, customer acquisition and pricing strategies in China’s 5G multimodal communication sector.

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How To Buy DTSS Stock

By now you're likely curious about how to participate in the market for Datasea – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Datasea, which is trading at $7.71 as of publishing time, $100 would buy you 12.97 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, DTSS has a 52-week high of $20.39 and a 52-week low of $1.42.