Short Interest in ATIF Holdings Limited (NASDAQ:AUC) Grows By 350.1%

ATIF Holdings Limited (NASDAQ:AUC) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 7,372 shares, a growth of 350.1% from the June 15th total of 1,638 shares. Based on an average trading volume of 10,183 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.8% of the company’s stock are sold short.

ATIF Stock Performance

Shares of NASDAQ:AUC traded down $0.07 on Friday, hitting $7.36. 5,562 shares of the company’s stock were exchanged, compared to its average volume of 8,771. The firm’s 50-day moving average is $8.15 and its 200 day moving average is $7.23. The company has a market capitalization of $9.72 million, a PE ratio of -1.02 and a beta of 0.07. ATIF has a 1-year low of $4.14 and a 1-year high of $14.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of ATIF from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

About ATIF

ATIF Holdings Limited, through its subsidiaries, provides a range of financial consulting and advisory services to small and medium-sized enterprises. The company focuses on helping clients with business strategy, financing support, and support for going public, including initial public offering-related services.

Its offerings have included consulting on corporate structure, merger and acquisition advisory, and other business development services designed to help companies navigate capital markets and growth opportunities.