ATA Inc. (NASDAQ:AACG – Get Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 11,399 shares, a drop of 49.1% from the June 30th total of 22,386 shares. Based on an average daily trading volume, of 9,479 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the company’s stock are short sold.
ATA Stock Performance
Shares of AACG stock traded down $0.06 on Wednesday, reaching $0.91. The stock had a trading volume of 411 shares, compared to its average volume of 14,666. ATA has a 12 month low of $0.74 and a 12 month high of $2.58. The firm has a market capitalization of $39.16 million, a price-to-earnings ratio of -4.55 and a beta of 1.10. The firm’s 50-day moving average is $1.02 and its two-hundred day moving average is $1.02. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.93.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ATA in a report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, ATA has an average rating of “Sell”.
ATA Company Profile
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.
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