Short Interest in ATA Creativity Global (NASDAQ:AACG) Drops By 29.4%

ATA Creativity Global (NASDAQ:AACG) was the target of a significant 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 shares of the 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 Stock Up 0.5 %

AACG opened at $1.00 on Monday. The business’s fifty day simple moving average is $0.89 and its 200 day simple moving average is $0.89. ATA Creativity Global has a 52 week low of $0.50 and a 52 week high of $1.16. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.30. The stock has a market cap of $31.81 million, a PE ratio of -5.53 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 company had revenue of $13.83 million for the quarter. ATA Creativity Global had a negative return on equity of 45.84% and a negative net margin of 16.14%.

Wall Street Analysts Forecast Growth

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

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.