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

TCTM Kids IT Education Inc. (NASDAQ:TCTM) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 150,500 shares, a growth of 267.1% from the December 31st total of 41,000 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 40,000 shares, the short-interest ratio is currently 3.8 days.

TCTM Kids IT Education Stock Performance

TCTM stock traded down $0.08 during trading on Tuesday, hitting $0.28. The company had a trading volume of 2,299,988 shares, compared to its average volume of 5,141,135. The firm has a 50-day moving average price of $0.71 and a 200-day moving average price of $0.92. TCTM Kids IT Education has a 1-year low of $0.25 and a 1-year high of $2.99.

TCTM Kids IT Education Company Profile

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.