ATA Inc. (NASDAQ:AACG) Short Interest Up 1,311.4% in August

ATA Inc. (NASDAQ:AACG) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 136,173 shares, an increase of 1,311.4% from the July 30th total of 9,648 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 1,228,494 shares, the short-interest ratio is currently 0.1 days.

ATA Stock Performance

AACG stock traded up $0.02 during trading on Tuesday, reaching $0.96. 30,041 shares of the stock were exchanged, compared to its average volume of 97,356. ATA has a twelve month low of $0.74 and a twelve month high of $2.58. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $41.29 million, a P/E ratio of -4.80 and a beta of 1.11. The stock has a 50 day simple moving average of $0.96 and a 200-day simple moving average of $1.01.

Wall Street Analyst Weigh In

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

ATA Company Profile

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.