Agape ATP Corporation (NASDAQ:ATPC) Sees Large Increase in Short Interest

Key Points

• Agape ATP Corporation's short interest saw a significant increase of 26.2% in July, rising from 65,600 shares to 82,800 shares.
• The company reported a negative net margin of 183.13% and a negative return on equity of 20.32% for the latest quarter.
• Wall Street analyst ratings for Agape ATP were upgraded from a "sell" to a "hold" in May.

Agape ATP Corporation (NASDAQ:ATPC - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 82,800 shares, anincreaseof26.2% from the July 15th total of 65,600 shares. Approximately0.5% of the shares of the company are short sold. Based on an average trading volume of 87,900 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 87,900 shares, the short-interest ratio is currently 0.9 days. Approximately0.5% of the shares of the company are short sold.

Analyst Ratings Changes

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

Agape ATP Price Performance

ATPC remained flat at $1.32 during trading on Monday. 49,792 shares of the company's stock were exchanged, compared to its average volume of 1,403,079. Agape ATP has a 1 year low of $0.9001 and a 1 year high of $3.49. The firm has a fifty day moving average of $1.36 and a 200 day moving average of $1.44. The company has a market cap of $66.01 million, a P/E ratio of -3.22 and a beta of -0.97.

Agape ATP (NASDAQ:ATPC - Get Free Report) last posted its quarterly 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%.

Agape ATP Company Profile

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.