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

ATA Inc. (NASDAQ:AACG) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 25,118 shares, an increase of 668.1% from the April 30th total of 3,270 shares. Based on an average daily trading volume, of 12,165 shares, the short-interest ratio is currently 2.1 days. Currently, 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of ATA in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

ATA Price Performance

Shares of NASDAQ:AACG traded down $0.03 during trading on Friday, hitting $1.11. 642 shares of the company were exchanged, compared to its average volume of 14,015. ATA has a 1-year low of $0.74 and a 1-year high of $2.58. The company has a market capitalization of $47.59 million, a P/E ratio of -5.53 and a beta of 1.10. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $1.08 and its 200-day moving average is $1.03.

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

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.