Agape ATP Corporation (NASDAQ:ATPC) Sees Significant Decline in Short Interest

Key Points

• Agape ATP Corporation (NASDAQ:ATPC) experienced a remarkable 93.5% decline in short interest, dropping from 54,000 shares to just 3,500 shares in August.
• The company's stock price increased by 0.8% to $1.34, despite a low trading volume of just 256 shares.
• Analysts upgraded Agape ATP shares from a "sell" rating to a "hold" rating, indicating a more positive outlook for the company.

Agape ATP Corporation (NASDAQ:ATPC - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,500 shares, a decline of 93.5% from the August 15th total of 54,000 shares. Based on an average daily trading volume, of 46,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 46,200 shares, the short-interest ratio is currently 0.1 days.

Agape ATP Stock Up 0.8%

Shares of ATPC traded up $0.01 during midday trading on Thursday, hitting $1.34. The company had a trading volume of 256 shares, compared to its average volume of 1,307,495. The company's 50 day moving average price is $1.34 and its 200 day moving average price is $1.47. The stock has a market cap of $67.01 million, a price-to-earnings ratio of -3.27 and a beta of -0.98. Agape ATP has a 52 week low of $0.90 and a 52 week high of $2.95.

Agape ATP (NASDAQ:ATPC - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported ($0.01) earnings per share for the quarter. Agape ATP had a negative return on equity of 20.32% and a negative net margin of 183.13%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Agape ATP from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

About Agape ATP

Agape ATP Corporation, an investment holding company, supplies health and wellness products and health solution advisory services in Malaysia. It offers four series of programs that consist of various services and products under the ATP Zeta Health Program, ÉNERGÉTIQUE, BEAUNIQUE, and E.A.T.S. names.

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