ATA Inc. (NASDAQ:AACG) Sees Large Drop in Short Interest

ATA Inc. (NASDAQ:AACG) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 2,454 shares, a decrease of 63.7% from the November 30th total of 6,758 shares. Based on an average trading volume of 18,826 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 18,826 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATA in a research report on Monday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

ATA Stock Performance

Shares of AACG opened at $0.79 on Friday. ATA has a 1 year low of $0.71 and a 1 year high of $2.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s fifty day moving average price is $1.12 and its two-hundred day moving average price is $1.33. The firm has a market cap of $25.10 million, a PE ratio of -39.50 and a beta of 0.98.

About ATA

ATA Creativity Global (NASDAQ: AACG) is a China-based provider of after-school art education services, delivering supplemental training to students from preschool through high school. The company’s curriculum spans traditional techniques such as sketching, watercolor and calligraphy, as well as digital art instruction, including digital illustration and multimedia design.

ATA Creativity Global combines in-person instruction at its learning centers with a proprietary online platform, enabling students to access course materials, interactive lessons and instructor feedback remotely.