ATA Inc. (NASDAQ:AACG) Sees Significant Increase in Short Interest

ATA Inc. (NASDAQ:AACG) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 207,400 shares, anincreaseof125.4% from the July 31st total of 92,000 shares. Based on an average daily volume of 225,600 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 225,600 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on ATA in a research report on Wednesday, May 21st. They issued a “sell” rating for the company.

ATA Stock Performance

NASDAQ AACG opened at $2.20 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.26. ATA has a fifty-two week low of $0.50 and a fifty-two week high of $2.30. The business has a fifty day moving average of $1.40 and a 200-day moving average of $1.08. The stock has a market cap of $70.20 million, a price-to-earnings ratio of -22.00 and a beta of 1.07.

ATA (NASDAQ:AACG) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter. ATA had a negative return on equity of 38.69% and a negative net margin of 9.29%.

About ATA

ATA Creativity Global, together with its subsidiaries, provides educational services to individual students through its training center network in China and internationally. Its educational services include portfolio training, research-based learning, overseas study counselling, in-school art classes through cooperation with high schools and training organizations, foreign language training services, junior art education, and other related educational services to its students.