Short Interest in TCTM Kids IT Education Inc. (NASDAQ:TCTM) Declines By 42.4%

TCTM Kids IT Education Inc. (NASDAQ:TCTM) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 21,300 shares, a decrease of 42.4% from the August 31st total of 37,000 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is currently 2.0 days.

TCTM Kids IT Education Stock Performance

Shares of TCTM Kids IT Education stock traded up $0.45 during midday trading on Friday, reaching $1.40. 8,778,468 shares of the company’s stock traded hands, compared to its average volume of 156,397. TCTM Kids IT Education has a 52 week low of $0.74 and a 52 week high of $2.99. The company’s 50 day simple moving average is $0.96 and its 200 day simple moving average is $1.48. The company has a market cap of $15.11 million, a price-to-earnings ratio of -2.80 and a beta of -0.53.

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.