TCTM Kids IT Education Inc. (NASDAQ:VSA) Sees Significant Growth in Short Interest

TCTM Kids IT Education Inc. (NASDAQ:VSA) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 759,135 shares, a growth of 107.0% from the April 15th total of 366,744 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,180,053 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised TCTM Kids IT Education to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TCTM Kids IT Education in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

TCTM Kids IT Education Stock Performance

Shares of VSA opened at $0.36 on Friday. The business has a 50-day moving average of $0.76 and a 200 day moving average of $12.08. TCTM Kids IT Education has a fifty-two week low of $0.35 and a fifty-two week high of $212.04. The firm has a market cap of $4.36 million, a P/E ratio of -0.01 and a beta of 0.63.

TCTM Kids IT Education’s stock is going to reverse split on the morning of Tuesday, May 26th. The 1-10 reverse split was announced on Tuesday, May 5th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, May 25th.

About TCTM Kids IT Education

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes under the Tarena brand in the People’s Republic of China. It operates through two segments, Adult Professional Education and Childhood & Adolescent Quality Education Services. The company offers education courses in 7 information technology (IT) subjects, such as Java, software testing, Linux and network engineering, Big Data, Web front-end development, Python, and network engineer courses; and 3 non-IT subjects, including digital art, online sales and marketing, and visual effects-VFX, as well as live distance instruction, classroom-based tutoring, and online learning modules.