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

TCTM Kids IT Education Inc. (NASDAQ:TCTM) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 138,500 shares, a drop of 32.5% from the February 28th total of 205,300 shares. Based on an average daily trading volume, of 13,740,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.7% of the company’s stock are short sold.

TCTM Kids IT Education Price Performance

Shares of TCTM Kids IT Education stock opened at $0.40 on Friday. The business has a 50-day simple moving average of $0.41 and a 200-day simple moving average of $0.74. TCTM Kids IT Education has a one year low of $0.18 and a one year high of $2.80.

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.