Short Interest in ATA Inc. (NASDAQ:AACG) Expands By 96.3%

ATA Inc. (NASDAQ:AACG) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 7,184 shares, an increase of 96.3% from the January 15th total of 3,659 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 22,893 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 22,893 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

ATA Trading Up 1.6%

Shares of AACG stock opened at $0.89 on Friday. The company has a market capitalization of $28.40 million, a PE ratio of -44.70 and a beta of 1.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.30. ATA has a 12-month low of $0.71 and a 12-month high of $2.58. The firm has a 50 day moving average price of $0.93 and a two-hundred day moving average price of $1.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of ATA from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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.