TCTM Kids IT Education Inc. (NASDAQ:TCTM) Sees Large Increase in Short Interest

TCTM Kids IT Education Inc. (NASDAQ:TCTM) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 150,500 shares, a growth of 267.1% from the December 31st total of 41,000 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 40,000 shares, the short-interest ratio is presently 3.8 days.

TCTM Kids IT Education Stock Performance

Shares of NASDAQ TCTM traded down $0.08 during mid-day trading on Wednesday, reaching $0.21. 1,468,365 shares of the company were exchanged, compared to its average volume of 4,978,733. TCTM Kids IT Education has a 52 week low of $0.20 and a 52 week high of $2.99. The company’s 50 day moving average price is $0.68 and its 200 day moving average price is $0.91.

TCTM Kids IT Education Company Profile

TCTM Kids IT Education Inc, through its subsidiaries, engages in the provision of IT-focused education services in Mainland China. It offers supplementary science, technology, engineering, and mathematics (STEM) education programs to young children aged between three and eighteen through online teaching models and instructors from online or offline learning centers.