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ATA Inc. (NASDAQ:AACG) Short Interest Down 36.5% in August

ATA logo with Consumer Discretionary background

Key Points

  • ATA Inc. experienced a significant reduction in short interest, dropping from 207,400 to 131,800 shares, indicating a 36.5% decrease as of August 31st.
  • The company's recent quarterly earnings report showed a loss of ($0.04) earnings per share, along with a negative return on equity of 38.69% and a negative net margin of 9.29%.
  • Wall Street analysts, particularly Wall Street Zen, have issued a "sell" rating for ATA, reflecting cautious sentiment towards its stock performance.
  • MarketBeat previews the top five stocks to own by October 1st.

ATA Inc. (NASDAQ:AACG - Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 131,800 shares, a drop of 36.5% from the August 15th total of 207,400 shares. Based on an average daily volume of 238,100 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.9% of the company's shares are sold short. Approximately 0.9% of the company's shares are sold short. Based on an average daily volume of 238,100 shares, the days-to-cover ratio is currently 0.6 days.

ATA Trading Down 2.4%

Shares of AACG stock traded down $0.06 during mid-day trading on Friday, reaching $2.45. 28,179 shares of the stock traded hands, compared to its average volume of 77,208. The stock's fifty day simple moving average is $1.74 and its two-hundred day simple moving average is $1.19. ATA has a 1-year low of $0.51 and a 1-year high of $2.58. The company has a market cap of $78.18 million, a price-to-earnings ratio of -24.50 and a beta of 1.07. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.26.

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

About ATA

(Get Free Report)

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.

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