Short Interest in ATA Inc. (NASDAQ:AACG) Drops By 90.4%

ATA Inc. (NASDAQ:AACG) was the target 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. Currently, 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.

Analysts Set New Price Targets

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

ATA Stock Performance

Shares of ATA stock traded up $0.04 during midday trading on Thursday, hitting $0.88. The company had a trading volume of 1,411 shares, compared to its average volume of 685,937. The company has a fifty day simple moving average of $0.94 and a 200 day simple moving average of $1.01. The stock has a market cap of $37.82 million, a price-to-earnings ratio of -4.39 and a beta of 1.13. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.93. ATA has a 12-month low of $0.74 and a 12-month high of $2.58.

ATA Company Profile

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.