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

Art Technology Acquisition Corp. Class A Ordinary Shares (NASDAQ:ARTC) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 9,174 shares, a decline of 91.6% from the June 30th total of 109,426 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 23,386 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Several research firms have recently commented on ARTC. Weiss Ratings started coverage on shares of Art Technology Acquisition Corp. Class A Ordinary Shares in a research report on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. Wall Street Zen raised Art Technology Acquisition Corp. Class A Ordinary Shares to a “hold” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Art Technology Acquisition Corp. Class A Ordinary Shares Price Performance

Shares of Art Technology Acquisition Corp. Class A Ordinary Shares stock traded down $0.01 during trading hours on Friday, reaching $9.97. 20,286 shares of the company’s stock were exchanged, compared to its average volume of 64,807. Art Technology Acquisition Corp. Class A Ordinary Shares has a 52-week low of $9.78 and a 52-week high of $9.99. The company has a market capitalization of $260.47 million and a price-to-earnings ratio of 24.93. The company’s fifty day moving average is $9.94.