Short Interest in ATA Inc. (NASDAQ:AACG) Grows By 69.6%

Key Points

• Short interest in ATA rose by 69.6% to 2,064 shares as of April 15, though the short-interest ratio is only 0.3 days and reported shorted shares round to 0.0% of float.
• ATA reported a quarterly loss of ($0.12) EPS on $13.18M revenue with negative net margin and ROE, has a market cap around $55.5M, and carries a consensus "Sell" rating (Weiss reiterated "sell (d+)").

ATA Inc. (NASDAQ:AACG - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 2,064 shares, an increase of 69.6% from the March 31st total of 1,217 shares. Based on an average daily trading volume, of 6,362 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

ATA Price Performance

ATA stock opened at $1.29 on Monday. 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 $0.98 and a 200-day simple moving average of $1.03. The firm has a market capitalization of $55.51 million, a price-to-earnings ratio of -6.45 and a beta of 0.80. ATA has a 52-week low of $0.74 and a 52-week high of $2.58.

ATA (NASDAQ:AACG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $13.18 million during the quarter. ATA had a negative net margin of 17.96% and a negative return on equity of 90.86%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of ATA in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

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.

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