Art Technology Acquisition Corp. Class A Ordinary Shares (NASDAQ:ARTC) Short Interest Update

Art Technology Acquisition Corp. Class A Ordinary Shares (NASDAQ:ARTC) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 9,174 shares, a drop of 91.6% from the June 30th total of 109,426 shares. Based on an average daily volume of 23,386 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Art Technology Acquisition Corp. Class A Ordinary Shares Stock Performance

NASDAQ:ARTC traded down $0.01 during trading hours on Friday, hitting $9.97. The stock had a trading volume of 20,286 shares, compared to its average volume of 64,807. The firm has a 50 day simple moving average of $9.94. The company has a market capitalization of $260.47 million and a P/E ratio of 24.93. Art Technology Acquisition Corp. Class A Ordinary Shares has a 1-year low of $9.78 and a 1-year high of $9.99.

Analyst Upgrades and Downgrades

ARTC has been the subject of several research reports. Wall Street Zen raised Art Technology Acquisition Corp. Class A Ordinary Shares to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings started coverage on Art Technology Acquisition Corp. Class A Ordinary Shares in a research note on Tuesday, May 26th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Art Technology Acquisition Corp. Class A Ordinary Shares has an average rating of “Sell”.