ATIF Holdings Limited (NASDAQ:AUC) Sees Large Decline in Short Interest

ATIF Holdings Limited (NASDAQ:AUC) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,997 shares, a decrease of 32.2% from the June 30th total of 7,372 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,165 shares, the days-to-cover ratio is currently 0.6 days.

ATIF Price Performance

NASDAQ AUC opened at $7.30 on Friday. The company’s 50 day simple moving average is $7.97 and its 200 day simple moving average is $7.31. ATIF has a 12 month low of $4.14 and a 12 month high of $11.94. The company has a market capitalization of $9.67 million, a P/E ratio of -1.01 and a beta of 0.07.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised ATIF from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently 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.