TCTM Kids IT Education Inc. (NASDAQ:VSA) Short Interest Down 93.5% in May

TCTM Kids IT Education Inc. (NASDAQ:VSA) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 43,981 shares, a decline of 93.5% from the May 14th total of 678,715 shares. Approximately 5.4% of the company’s shares are sold short. Based on an average daily volume of 72,923 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

A number of brokerages have recently commented on VSA. Wall Street Zen upgraded TCTM Kids IT Education to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised TCTM Kids IT Education from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TCTM Kids IT Education presently has a consensus rating of “Sell”.

TCTM Kids IT Education Stock Performance

NASDAQ VSA traded down $0.33 on Thursday, reaching $4.48. 1,922,177 shares of the stock traded hands, compared to its average volume of 805,670. The company has a fifty day moving average price of $5.91 and a 200-day moving average price of $19.42. The company has a market cap of $5.46 million, a price-to-earnings ratio of -0.02 and a beta of 0.46. TCTM Kids IT Education has a 12 month low of $2.81 and a 12 month high of $2,120.35.

TCTM Kids IT Education (NASDAQ:VSA) last issued its earnings results on Monday, May 11th. The company reported ($37.25) earnings per share for the quarter. The business had revenue of ($6.46) million during the quarter.

About TCTM Kids IT Education

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes under the Tarena brand in the People’s Republic of China. It operates through two segments, Adult Professional Education and Childhood & Adolescent Quality Education Services. The company offers education courses in 7 information technology (IT) subjects, such as Java, software testing, Linux and network engineering, Big Data, Web front-end development, Python, and network engineer courses; and 3 non-IT subjects, including digital art, online sales and marketing, and visual effects-VFX, as well as live distance instruction, classroom-based tutoring, and online learning modules.