ATA Inc. (NASDAQ:AACG) Short Interest Up 1,311.4% in August

ATA Inc. (NASDAQ:AACG) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 136,173 shares, an increase of 1,311.4% from the July 30th total of 9,648 shares. Based on an average daily volume of 1,228,494 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the shares of the company are sold short.

ATA Stock Performance

ATA stock traded up $0.02 on Tuesday, reaching $0.96. 30,041 shares of the stock were exchanged, compared to its average volume of 97,356. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.93. ATA has a twelve month low of $0.74 and a twelve month high of $2.58. The firm has a fifty day moving average price of $0.96 and a two-hundred day moving average price of $1.01. The stock has a market cap of $41.29 million, a PE ratio of -4.80 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ATA in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, ATA has a consensus 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.