Short Interest in TCTM Kids IT Education Inc. (NASDAQ:TCTM) Drops By 25.5%

TCTM Kids IT Education Inc. (NASDAQ:TCTM) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 41,000 shares, a decrease of 25.5% from the November 30th total of 55,000 shares. Based on an average trading volume of 202,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

TCTM Kids IT Education Stock Performance

Shares of TCTM Kids IT Education stock traded up $0.04 during midday trading on Friday, hitting $0.72. The company had a trading volume of 67,674 shares, compared to its average volume of 140,206. The company has a fifty day simple moving average of $0.88 and a 200 day simple moving average of $1.02. TCTM Kids IT Education has a 12-month low of $0.61 and a 12-month 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.