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

ATA Creativity Global (NASDAQ:AACG) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 12,000 shares, a drop of 17.2% from the May 31st total of 14,500 shares. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is currently 0.6 days.

ATA Creativity Global Trading Up 1.0 %

AACG stock opened at $0.83 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.23 and a current ratio of 0.23. ATA Creativity Global has a one year low of $0.78 and a one year high of $1.65. The company’s 50 day moving average price is $0.87 and its two-hundred day moving average price is $1.05. The company has a market capitalization of $26.41 million, a PE ratio of -5.16 and a beta of 0.86.

ATA Creativity Global (NASDAQ:AACG) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $6.67 million during the quarter. ATA Creativity Global had a negative net margin of 14.72% and a negative return on equity of 31.88%.

Hedge Funds Weigh In On ATA Creativity Global

An institutional investor recently bought a new position in ATA Creativity Global stock. Virtu Financial LLC purchased a new position in ATA Creativity Global (NASDAQ:AACG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,553 shares of the company’s stock, valued at approximately $42,000. Virtu Financial LLC owned 0.13% of ATA Creativity Global at the end of the most recent reporting period. 0.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of ATA Creativity Global in a research report on Thursday, June 27th. They set a “sell” rating for the company.

ATA Creativity Global Company Profile

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.