ATA Inc. (NASDAQ:AACG) Sees Large Decline in Short Interest

ATA Inc. (NASDAQ:AACG) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 11,399 shares, a drop of 49.1% from the June 30th total of 22,386 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 9,479 shares, the days-to-cover ratio is currently 1.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ATA in a research report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

ATA Stock Up 1.5%

ATA stock opened at $0.90 on Tuesday. ATA has a fifty-two week low of $0.74 and a fifty-two week high of $2.58. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a 50 day moving average price of $1.03 and a 200 day moving average price of $1.02. The company has a market capitalization of $38.73 million, a PE ratio of -4.50 and a beta of 1.10.

About ATA

ATA Creativity Global (NASDAQ: AACG) is a China-based provider of after-school art education services, delivering supplemental training to students from preschool through high school. The company’s curriculum spans traditional techniques such as sketching, watercolor and calligraphy, as well as digital art instruction, including digital illustration and multimedia design.

ATA Creativity Global combines in-person instruction at its learning centers with a proprietary online platform, enabling students to access course materials, interactive lessons and instructor feedback remotely.