Data Storage leaps after announcing cloud security partnership

Data Storage

02/09/2021 18:01

** Data Storage Corp  DTST.O  up 27.5% at $5.00 after co
says it's partnering with software firm Precisely
    ** DTST says will offer Precisely data integrity solutions
to cos migrating to the cloud that have need to protect
information, data privacy, and compliance adherence  urn:newsml:reuters.com:*:nGNX7R9MJ0
    ** DTST shares on track for biggest one-day pct gain since
Jul 7, when they gained 33% amid rally in meme stocks
 urn:newsml:reuters.com:*:nL3N2OJ34Y
    ** Over 31 mln shares have traded so far on Thurs vs stock's
10-DMA volume of ~267k, per Refinitiv data
    ** Co has ~6.69 mln shares outstanding and ~3.92 mln of
public float, per Refinitiv data
    ** Stock, now down 11% YTD, hit 2021 high of $38.80 on Feb
11  

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))