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

TCTM Kids IT Education Inc. (NASDAQ:VSA) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 43,981 shares, a drop of 93.5% from the May 14th total of 678,715 shares. Based on an average trading volume of 72,923 shares, the days-to-cover ratio is presently 0.6 days. Currently, 5.4% of the shares of the company are sold short.

TCTM Kids IT Education Stock Performance

Shares of TCTM Kids IT Education stock traded up $0.03 during midday trading on Tuesday, hitting $4.44. 975,478 shares of the company traded hands, compared to its average volume of 999,478. The stock has a market cap of $5.42 million, a price-to-earnings ratio of -0.02 and a beta of 0.46. The firm’s fifty day moving average price is $5.96 and its 200-day moving average price is $20.37. TCTM Kids IT Education has a 12 month low of $2.81 and a 12 month high of $2,120.35.

TCTM Kids IT Education (NASDAQ:VSA) last announced its quarterly earnings results on Monday, May 11th. The company reported ($37.25) earnings per share (EPS) for the quarter. The company had revenue of ($6.46) million for the quarter.

Analysts Set New Price Targets

Several equities analysts have commented on VSA shares. Weiss Ratings raised shares of TCTM Kids IT Education from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. Wall Street Zen raised shares of TCTM Kids IT Education to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, TCTM Kids IT Education presently has an average rating of “Sell”.

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.