ATI Physical Therapy, Inc. (NYSE:ATIP) Sees Significant Decline in Short Interest

ATI Physical Therapy, Inc. (NYSE:ATIP) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 11,200 shares, a drop of 6.7% from the September 30th total of 12,000 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 1.7 days.

ATI Physical Therapy Trading Up 4.6 %

ATIP opened at $5.63 on Friday. ATI Physical Therapy has a 1 year low of $3.92 and a 1 year high of $8.48. The stock’s 50 day simple moving average is $5.90 and its 200-day simple moving average is $5.39. The stock has a market cap of $24.77 million, a PE ratio of -0.41 and a beta of 0.41.

ATI Physical Therapy (NYSE:ATIP) last issued its earnings results on Monday, August 5th. The company reported ($2.43) EPS for the quarter, beating the consensus estimate of ($2.63) by $0.20. The firm had revenue of $188.11 million during the quarter, compared to analyst estimates of $190.00 million. During the same quarter in the prior year, the firm posted ($15.80) EPS. Equities analysts forecast that ATI Physical Therapy will post -9.7 earnings per share for the current fiscal year.

ATI Physical Therapy Company Profile

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.