Art Technology Acquisition Corp. Class A Ordinary Shares (NASDAQ:ARTC) Short Interest Update

Art Technology Acquisition Corp. Class A Ordinary Shares (NASDAQ:ARTC) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,762 shares, an increase of 105.6% from the May 31st total of 857 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 34,518 shares, the short-interest ratio is presently 0.1 days.

Art Technology Acquisition Corp. Class A Ordinary Shares Stock Performance

Shares of NASDAQ ARTC remained flat at $9.93 during mid-day trading on Wednesday. The stock had a trading volume of 37,360 shares, compared to its average volume of 73,008. Art Technology Acquisition Corp. Class A Ordinary Shares has a twelve month low of $9.78 and a twelve month high of $9.94. The company has a market capitalization of $259.42 million and a price-to-earnings ratio of 24.82. The stock has a 50-day simple moving average of $9.89.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of Art Technology Acquisition Corp. Class A Ordinary Shares in a research report on Tuesday, May 26th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.