Short Interest in ATA Inc. (NASDAQ:AACG) Drops By 63.7%

ATA Inc. (NASDAQ:AACG) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 2,454 shares, a decrease of 63.7% from the November 30th total of 6,758 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 18,826 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 18,826 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of ATA in a research report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

ATA Stock Down 8.3%

NASDAQ:AACG opened at $0.74 on Friday. The company’s fifty day moving average price is $1.12 and its 200-day moving average price is $1.33. The firm has a market capitalization of $23.64 million, a P/E ratio of -37.20 and a beta of 0.98. ATA has a 1-year low of $0.71 and a 1-year high of $2.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.33 and a quick ratio of 0.33.

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.