Is Buying Ata Inc – American Depositary Shares Each Repres (NASDAQ:ATAI), Having Lower Short Interest a Winning Strategy?

June 19, 2018 - By Michael Collier

The stock of Ata Inc – American Depositary Shares Each Repres (NASDAQ:ATAI) registered a decrease of 49.25% in short interest. ATAI’s total short interest was 6,800 shares in June as published by FINRA. Its down 49.25% from 13,400 shares, reported previously. With 5,200 shares average volume, it will take short sellers 1 days to cover their ATAI’s short positions. The short interest to Ata Inc – American Depositary Shares Each Repres’s float is 0.11%.

The stock increased 3.33% or $0.17 during the last trading session, reaching $5.28. About 248 shares traded. ATA Inc. (NASDAQ:ATAI) has risen 37.33% since June 19, 2017 and is uptrending. It has outperformed by 24.76% the S&P500.

ATA Inc., through its subsidiaries, provides computer testing services in the PeopleÂ’s Republic of China. The company has market cap of $120.90 million. The firm offers services for the creation and delivery of computer tests utilizing its test delivery platform and proprietary testing technologies that are used for professional licensure and certification tests in various industries, including IT services, banking, teaching, and insurance; and administrative services, such as test registration, scheduling, fee collection, and certification fulfillment. It has a 17.09 P/E ratio. The Company’s e-testing platform integrates various aspects of the test delivery process for computer tests, from test form compilation to test scoring and results analysis; and mobile test administration platform MTS enhances test administration.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: