TCTM Kids IT Education Inc. (NASDAQ:VSA) Sees Significant Growth in Short Interest

TCTM Kids IT Education Inc. (NASDAQ:VSA) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 759,135 shares, an increase of 107.0% from the April 15th total of 366,744 shares. Based on an average daily volume of 2,180,053 shares, the short-interest ratio is presently 0.3 days. Currently, 9.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of TCTM Kids IT Education in a report on Monday, March 30th. Wall Street Zen upgraded TCTM Kids IT Education to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

TCTM Kids IT Education Stock Down 10.9%

Shares of VSA opened at $0.36 on Friday. TCTM Kids IT Education has a 12-month low of $0.35 and a 12-month high of $212.04. The business’s fifty day moving average is $0.76 and its 200 day moving average is $12.08. The stock has a market cap of $4.36 million, a P/E ratio of -0.01 and a beta of 0.63.

Shares of TCTM Kids IT Education are going to reverse split on Tuesday, May 26th. The 1-10 reverse split was announced on Tuesday, May 5th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, May 25th.

About TCTM Kids IT Education

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes under the Tarena brand in the People’s Republic of China. It operates through two segments, Adult Professional Education and Childhood & Adolescent Quality Education Services. The company offers education courses in 7 information technology (IT) subjects, such as Java, software testing, Linux and network engineering, Big Data, Web front-end development, Python, and network engineer courses; and 3 non-IT subjects, including digital art, online sales and marketing, and visual effects-VFX, as well as live distance instruction, classroom-based tutoring, and online learning modules.