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

ATA Inc. (NASDAQ:AACG) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 13,035 shares, a decrease of 90.4% from the August 15th total of 136,173 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 26,695 shares, the short-interest ratio is currently 0.5 days.

ATA Price Performance

NASDAQ AACG traded down $0.02 during midday trading on Friday, hitting $0.90. The company had a trading volume of 4,000 shares, compared to its average volume of 91,168. 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 has a twelve month low of $0.74 and a twelve month high of $2.58. The company has a market capitalization of $38.55 million, a PE ratio of -4.48 and a beta of 1.13. The firm has a 50-day moving average price of $0.94 and a 200-day moving average price of $1.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ATA in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.