TCTM Kids IT Education Inc. (NASDAQ:VSA) Sees Significant Drop in Short Interest

TCTM Kids IT Education Inc. (NASDAQ:VSA) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 28,885 shares, a decrease of 59.4% from the June 15th total of 71,115 shares. Based on an average daily trading volume, of 25,373 shares, the short-interest ratio is currently 1.1 days. Approximately 3.5% of the company’s shares are sold short.

Analysts Set New Price Targets

VSA has been the subject of a number of research analyst reports. Wall Street Zen upgraded TCTM Kids IT Education to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised TCTM Kids IT Education from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, TCTM Kids IT Education currently has an average rating of “Sell”.

TCTM Kids IT Education Stock Performance

Shares of VSA opened at $3.20 on Tuesday. The stock has a market cap of $3.90 million, a PE ratio of 0.07 and a beta of 0.46. TCTM Kids IT Education has a fifty-two week low of $2.81 and a fifty-two week high of $2,120.35. The firm’s 50-day simple moving average is $4.34 and its two-hundred day simple moving average is $11.49.

TCTM Kids IT Education (NASDAQ:VSA) last announced its earnings results on Monday, May 11th. The company reported ($3.73) earnings per share for the quarter. The business had revenue of ($6.46) million for the quarter.

TCTM Kids IT Education Company Profile

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes under the Tarena brand in the People’s Republic of China. It operates through two segments, Adult Professional Education and Childhood & Adolescent Quality Education Services. The company offers education courses in 7 information technology (IT) subjects, such as Java, software testing, Linux and network engineering, Big Data, Web front-end development, Python, and network engineer courses; and 3 non-IT subjects, including digital art, online sales and marketing, and visual effects-VFX, as well as live distance instruction, classroom-based tutoring, and online learning modules.