Short Interest in ATA Creativity Global (NASDAQ:AACG) Decreases By 88.9%

ATA Creativity Global (NASDAQ:AACG) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 3,300 shares, a drop of 88.9% from the December 15th total of 29,700 shares. Based on an average trading volume of 627,600 shares, the days-to-cover ratio is presently 0.0 days.

Shares of ATA Creativity Global stock opened at $1.91 on Friday. The stock has a market cap of $59.93 million, a PE ratio of -5.97 and a beta of 1.24. The business has a fifty day simple moving average of $1.69 and a 200-day simple moving average of $2.34. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.14. ATA Creativity Global has a 12 month low of $1.00 and a 12 month high of $19.75.

ATA Creativity Global (NASDAQ:AACG) last announced its quarterly earnings data on Wednesday, November 10th. The company reported ($0.14) earnings per share (EPS) for the quarter. ATA Creativity Global had a negative return on equity of 27.72% and a negative net margin of 29.26%. The firm had revenue of $8.58 million for the quarter.

Several large investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in ATA Creativity Global during the third quarter valued at about $784,000. Renaissance Technologies LLC increased its stake in shares of ATA Creativity Global by 93.2% in the second quarter. Renaissance Technologies LLC now owns 149,242 shares of the company’s stock worth $460,000 after purchasing an additional 71,998 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of ATA Creativity Global in the second quarter worth about $52,000. Institutional investors and hedge funds own 1.58% of the company’s stock.

About ATA Creativity Global

ATA Creativity Global is an international educational services company, which focuses on provision of quality learning experiences that cultivate and enhance students’ creativity. It offers a range of education services consisting primarily of portfolio training, research-based learning, overseas study counselling and other educational services through its training center network.

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