Short Interest in Agape ATP Corporation (NASDAQ:ATPC) Rises By 1,030.8%

Agape ATP Corporation (NASDAQ:ATPC) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 463,134 shares, a growth of 1,030.8% from the February 26th total of 40,955 shares. Based on an average trading volume of 11,031,611 shares, the days-to-cover ratio is currently 0.0 days. Approximately 47.3% of the shares of the company are sold short. Approximately 47.3% of the shares of the company are sold short. Based on an average trading volume of 11,031,611 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATPC. Wall Street Zen upgraded Agape ATP to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Agape ATP in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Agape ATP

An institutional investor recently raised its position in Agape ATP stock. Citadel Advisors LLC raised its stake in Agape ATP Corporation (NASDAQ:ATPC) by 95.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,130 shares of the company’s stock after acquiring an additional 31,849 shares during the quarter. Citadel Advisors LLC owned about 0.13% of Agape ATP worth $82,000 as of its most recent filing with the Securities and Exchange Commission. 0.01% of the stock is owned by institutional investors and hedge funds.

Agape ATP Price Performance

Shares of ATPC stock traded up $0.16 during trading hours on Tuesday, hitting $2.24. 131,103 shares of the company’s stock were exchanged, compared to its average volume of 2,349,787. Agape ATP has a 52 week low of $1.72 and a 52 week high of $128.25. The stock has a market cap of $2.24 million, a price-to-earnings ratio of -0.15 and a beta of 0.01. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $32.19.

About Agape ATP

Agape ATP Corporation, an investment holding company, supplies health and wellness products and health solution advisory services in Malaysia. It offers four series of programs that consist of various services and products under the ATP Zeta Health Program, ÉNERGÉTIQUE, BEAUNIQUE, and E.A.T.S. names. The company's products include ATP1s Survivor Select that contains various essential nutrients required by the human body to maintain normal metabolism; ATP3 Ionized Cal-Mag, a calcium and magnesium minerals supplement; ATP4 Omega Blend, an oil blend that provides a bio-effective balance of essential fatty acids, omega 3, and omega 6; ATP5 BetaMaxx, a natural immune enhancer; AGN-Vege Fruit Fiber, a nutrition-based formulation for intestines and stomach; AGP1-Iron to improve iron deficiency anemia; and YFA-Young Formula, an anti-aging and youthful maintenance supplement.