TCTM Kids IT Education Inc. (NASDAQ:TCTM) Short Interest Down 26.8% in July

TCTM Kids IT Education Inc. (NASDAQ:TCTM) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 14,500 shares, a drop of 26.8% from the July 15th total of 19,800 shares. Based on an average daily volume of 14,100 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are sold short.

TCTM Kids IT Education Stock Performance

Shares of TCTM traded down $0.04 during mid-day trading on Friday, reaching $0.78. The company had a trading volume of 6,686 shares, compared to its average volume of 126,652. The company has a market capitalization of $8.41 million, a price-to-earnings ratio of -1.56 and a beta of -0.49. The firm has a 50-day moving average price of $1.11 and a 200 day moving average price of $1.56. TCTM Kids IT Education has a 52 week low of $0.74 and a 52 week high of $2.99.

About TCTM Kids IT Education

TCTM Kids IT Education Inc, through its subsidiaries, engages in the provision of IT-focused education services in Mainland China. It offers supplementary science, technology, engineering, and mathematics (STEM) education programs to young children aged between three and eighteen through online teaching models and instructors from online or offline learning centers.