ATA Inc. (NASDAQ:AACG) Sees Significant Drop in Short Interest

ATA Inc. (NASDAQ:AACG) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 11,399 shares, a decrease of 49.1% from the June 30th total of 22,386 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,479 shares, the short-interest ratio is presently 1.2 days.

ATA Stock Performance

NASDAQ:AACG opened at $0.90 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $38.73 million, a price-to-earnings ratio of -4.50 and a beta of 1.10. The company’s 50-day moving average is $1.03 and its two-hundred day moving average is $1.02. ATA has a 1-year low of $0.74 and a 1-year high of $2.58.

Analyst Upgrades and Downgrades

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

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.