Short Interest in ATIF Holdings Limited (NASDAQ:ZBAI) Drops By 42.6%

ATIF Holdings Limited (NASDAQ:ZBAI) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,272 shares, a drop of 42.6% from the April 30th total of 2,215 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,710 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded ATIF from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

ATIF Stock Down 1.1%

Shares of NASDAQ:ZBAI traded down $0.10 during trading on Wednesday, hitting $8.86. 10,082 shares of the company were exchanged, compared to its average volume of 5,153. ATIF has a 1-year low of $4.14 and a 1-year high of $18.00. The company has a market capitalization of $11.69 million, a P/E ratio of -1.23 and a beta of 0.08. The business’s 50 day moving average is $7.71 and its 200-day moving average is $7.10.

About ATIF

ATIF Holdings Ltd. engages in the provision of financial consulting services. It is also involved in merger and acquisition business advisory, post-listing compliance, management support, and related services. The company was founded on January 5, 2015 and is headquartered in Lake Forest, CA.