Short Interest in ATA Inc. (NASDAQ:AACG) Expands By 668.1%

ATA Inc. (NASDAQ:AACG) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 25,118 shares, a growth of 668.1% from the April 30th total of 3,270 shares. Based on an average trading volume of 12,165 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.1% of the company’s stock are sold short.

ATA Trading Up 4.0%

Shares of NASDAQ:AACG opened at $1.18 on Friday. ATA has a 12-month low of $0.74 and a 12-month high of $2.58. The business’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $1.03. The company has a market capitalization of $50.78 million, a PE ratio of -5.90 and a beta of 1.10. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.93.

ATA (NASDAQ:AACG) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $13.18 million during the quarter. ATA had a negative return on equity of 90.86% and a negative net margin of 17.96%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of ATA in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

ATA Company Profile

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.