Short Interest in ATA Inc. (NASDAQ:AACG) Expands By 1,311.4%

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ATA in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

ATA Price Performance

AACG stock opened at $0.97 on Thursday. ATA has a 52 week low of $0.74 and a 52 week high of $2.58. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $1.01. The firm has a market capitalization of $41.74 million, a P/E ratio of -4.85 and a beta of 1.11.

About ATA

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.