Short Interest in ATA Inc. (NASDAQ:AACG) Rises By 668.1%

ATA Inc. (NASDAQ:AACG) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 25,118 shares, an increase of 668.1% from the April 30th total of 3,270 shares. Based on an average daily trading volume, of 12,165 shares, the short-interest ratio is currently 2.1 days. Currently, 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of ATA in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

ATA Stock Performance

NASDAQ:AACG opened at $1.15 on Thursday. ATA has a 12 month low of $0.74 and a 12 month high of $2.58. 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 business’s fifty day moving average price is $1.08 and its 200 day moving average price is $1.03. The firm has a market capitalization of $49.48 million, a PE ratio of -5.75 and a beta of 1.10.

ATA (NASDAQ:AACG) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $13.18 million during the quarter. ATA had a negative net margin of 17.96% and a negative return on equity of 90.86%.

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.