Agape ATP Corporation (NASDAQ:ATPC) Shares Shorted: Short Interest Down 57.5% in September

Agape ATP Corporation (NASDAQ:ATPC) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 9,771 shares, a decline of 57.5% from the September 15th total of 23,016 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 22,972 shares, the days-to-cover ratio is currently 0.4 days.

Agape ATP Trading Down 8.5%

ATPC traded down $0.18 on Tuesday, hitting $1.99. The company had a trading volume of 14,533 shares, compared to its average volume of 2,022,165. The company’s fifty day moving average price is $2.33 and its 200 day moving average price is $2.66. Agape ATP has a 1 year low of $1.72 and a 1 year high of $73.50. The firm has a market cap of $1.99 million, a P/E ratio of -2.68 and a beta of 0.42.

Agape ATP (NASDAQ:ATPC) last announced its earnings results on Friday, August 14th. The company reported $0.15 earnings per share for the quarter. Agape ATP had a negative net margin of 85.94% and a negative return on equity of 5.47%. The company had revenue of $0.01 million during the quarter.

Analysts Set New Price Targets

ATPC has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Agape ATP in a report on Wednesday, August 19th. Wall Street Zen raised shares of Agape ATP from a “sell” rating to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Agape ATP Company Profile

Agape ATP Corporation (NASDAQ: ATPC) is a Malaysia-based health and wellness company focused on products and services intended to support healthy aging and overall well-being. The company operates through a direct-selling and distribution model.

Its offerings include nutritional supplements, wellness products and related health-focused services. Agape ATP has also promoted personalized wellness programs and products associated with preventive health and anti-aging. The company primarily serves customers in Malaysia and has described its business as having an international focus across parts of Asia.

Agape ATP Corporation is headquartered in Malaysia and is publicly traded on the Nasdaq Stock Market.