ATA Creativity Global (NASDAQ:AACG) Sees Significant Drop in Short Interest

ATA Creativity Global (NASDAQ:AACG) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 101,600 shares, a drop of 29.4% from the February 28th total of 143,900 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 38,800 shares, the days-to-cover ratio is currently 2.6 days.

ATA Creativity Global Trading Down 3.1 %

AACG stock opened at $0.97 on Tuesday. The business has a fifty day moving average price of $0.89 and a 200 day moving average price of $0.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.16 and a quick ratio of 0.16. ATA Creativity Global has a fifty-two week low of $0.50 and a fifty-two week high of $1.16. The stock has a market capitalization of $30.97 million, a price-to-earnings ratio of -5.38 and a beta of 0.79.

ATA Creativity Global (NASDAQ:AACG) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $13.83 million for the quarter. ATA Creativity Global had a negative net margin of 16.14% and a negative return on equity of 45.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of ATA Creativity Global in a research note on Wednesday, March 26th. They issued a “sell” rating on the stock.

About ATA Creativity Global

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.