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

ATA Creativity Global (NASDAQ:AACG) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 3,700 shares, a decline of 81.6% from the September 30th total of 20,100 shares. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is presently 0.1 days.

ATA Creativity Global Trading Down 1.0 %

Shares of AACG stock traded down $0.01 during mid-day trading on Friday, reaching $1.00. The stock had a trading volume of 4,374 shares, compared to its average volume of 30,666. ATA Creativity Global has a 52-week low of $0.50 and a 52-week high of $1.65. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.79. The firm has a market capitalization of $31.97 million, a PE ratio of -6.25 and a beta of 0.82.

ATA Creativity Global (NASDAQ:AACG) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.07) earnings per share for the quarter. ATA Creativity Global had a negative net margin of 13.59% and a negative return on equity of 33.80%. The company had revenue of $7.12 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on ATA Creativity Global in a report on Friday. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ATA Creativity Global stock. Virtu Financial LLC acquired a new position in shares of ATA Creativity Global (NASDAQ:AACG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,553 shares of the company’s stock, valued at approximately $42,000. Virtu Financial LLC owned 0.13% of ATA Creativity Global as of its most recent SEC filing. Institutional investors own 0.73% of the company’s 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.