ATI Physical Therapy, Inc. (NYSE:ATIP) Sees Large Growth in Short Interest

ATI Physical Therapy, Inc. (NYSE:ATIP) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 7,900 shares, an increase of 23.4% from the May 31st total of 6,400 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is currently 1.6 days.

ATI Physical Therapy Price Performance

NYSE:ATIP traded up $0.31 during trading hours on Tuesday, reaching $4.89. 2,500 shares of the stock were exchanged, compared to its average volume of 4,773. ATI Physical Therapy has a twelve month low of $3.92 and a twelve month high of $9.80. The firm has a 50 day moving average of $4.61 and a 200 day moving average of $5.59. The stock has a market cap of $21.52 million, a PE ratio of -0.17 and a beta of 0.41.

ATI Physical Therapy (NYSE:ATIP) last released its quarterly earnings results on Monday, May 6th. The company reported ($4.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.50) by ($0.11). The business had revenue of $181.47 million during the quarter, compared to analysts’ expectations of $181.67 million. During the same period in the prior year, the business posted ($7.50) earnings per share. Equities research analysts anticipate that ATI Physical Therapy will post -12.37 earnings per share for the current year.

About ATI Physical Therapy

ATI Physical Therapy, Inc operates as an outpatient physical therapy provider that specializes in outpatient rehabilitation and adjacent healthcare services in the United States. It offers a range of services to its patients, including physical therapy to treat spine, shoulder, knee, and neck injuries or pain; work injury rehabilitation services, work conditioning and work hardening; and hand therapy, aquatic therapy, functional capacity evaluation, sports medicine, and wellness programs.