Art Technology Acquisition Corp. Class A Ordinary Shares (NASDAQ:ARTC) Sees Large Decrease in Short Interest

Art Technology Acquisition Corp. Class A Ordinary Shares (NASDAQ:ARTC) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 9,174 shares, a decline of 91.6% from the June 30th total of 109,426 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 23,386 shares, the short-interest ratio is presently 0.4 days.

Art Technology Acquisition Corp. Class A Ordinary Shares Trading Down 0.1%

Shares of ARTC stock traded down $0.01 during mid-day trading on Friday, hitting $9.97. The stock had a trading volume of 20,286 shares, compared to its average volume of 64,807. The firm has a market cap of $260.47 million and a price-to-earnings ratio of 24.93. The company has a 50-day simple moving average of $9.94. Art Technology Acquisition Corp. Class A Ordinary Shares has a fifty-two week low of $9.78 and a fifty-two week high of $9.99.

Analyst Upgrades and Downgrades

ARTC has been the subject of several research analyst reports. Wall Street Zen raised Art Technology Acquisition Corp. Class A Ordinary Shares to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings initiated coverage on shares of Art Technology Acquisition Corp. Class A Ordinary Shares in a research note on Tuesday, May 26th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Art Technology Acquisition Corp. Class A Ordinary Shares presently has an average rating of “Sell”.