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

TCTM Kids IT Education Inc. (NASDAQ:TCTM) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 15,800 shares, a growth of 182.1% from the May 31st total of 5,600 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 0.6 days.

TCTM Kids IT Education Stock Performance

TCTM stock traded down $0.06 during midday trading on Friday, hitting $1.21. The company had a trading volume of 2,214 shares, compared to its average volume of 157,532. TCTM Kids IT Education has a 52 week low of $0.75 and a 52 week high of $2.99. The firm has a 50 day moving average price of $1.61.

About TCTM Kids IT Education

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.