ATIF Holdings Limited (NASDAQ:AUC) Short Interest Up 350.1% in June

ATIF Holdings Limited (NASDAQ:AUC) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 7,372 shares, an increase of 350.1% from the June 15th total of 1,638 shares. Based on an average daily volume of 10,183 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.8% of the company’s stock are sold short.

ATIF Stock Performance

Shares of NASDAQ AUC opened at $7.31 on Tuesday. The business’s 50-day simple moving average is $8.14 and its 200-day simple moving average is $7.21. ATIF has a 52 week low of $4.14 and a 52 week high of $14.76. The firm has a market cap of $9.65 million, a price-to-earnings ratio of -1.02 and a beta of 0.07.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of ATIF from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

ATIF Company Profile

ATIF Holdings Limited, through its subsidiaries, provides a range of financial consulting and advisory services to small and medium-sized enterprises. The company focuses on helping clients with business strategy, financing support, and support for going public, including initial public offering-related services.

Its offerings have included consulting on corporate structure, merger and acquisition advisory, and other business development services designed to help companies navigate capital markets and growth opportunities.