Short Interest in ATA Inc. (NASDAQ:AACG) Grows By 125.4%

Key Points

• ATA Inc. (NASDAQ:AACG) experienced a significant increase in short interest of 125.4% in August, bringing the total to 207,400 shares.
• The company currently has a short-interest ratio of 0.9 days, based on an average daily volume of 225,600 shares.
• ATA's most recent quarterly earnings reported an EPS of (0.04), highlighting a negative return on equity of 38.69%.

ATA Inc. (NASDAQ:AACG - Get Free Report) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 207,400 shares, agrowthof125.4% from the July 31st total of 92,000 shares. Based on an average daily volume of 225,600 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 225,600 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on shares of ATA in a research report on Wednesday, May 21st. They set a "sell" rating for the company.

ATA Stock Performance

Shares of NASDAQ AACG traded up $0.01 during trading on Monday, hitting $2.05. The company had a trading volume of 39,707 shares, compared to its average volume of 108,829. The firm has a market capitalization of $65.26 million, a P/E ratio of -20.55 and a beta of 1.07. The stock has a 50 day simple moving average of $1.45 and a 200 day simple moving average of $1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.19 and a current ratio of 0.19. ATA has a 12 month low of $0.50 and a 12 month high of $2.30.

ATA (NASDAQ:AACG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.04) earnings per share for the quarter. ATA had a negative net margin of 9.29% and a negative return on equity of 38.69%.

About ATA

ATA Creativity Global, together with its subsidiaries, provides educational services to individual students through its training center network in China and internationally. Its educational services include portfolio training, research-based learning, overseas study counselling, in-school art classes through cooperation with high schools and training organizations, foreign language training services, junior art education, and other related educational services to its students.