Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Significant Increase in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,500,000 shares, a growth of 9.4% from the December 15th total of 3,200,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.2% of the company’s shares are sold short.

Institutional Trading of Atour Lifestyle

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Atour Lifestyle by 126.7% in the second quarter. Renaissance Technologies LLC now owns 783,400 shares of the company’s stock worth $14,375,000 after purchasing an additional 437,900 shares during the last quarter. Hsbc Holdings PLC bought a new position in Atour Lifestyle in the 2nd quarter worth about $2,092,000. XTX Topco Ltd purchased a new position in shares of Atour Lifestyle during the second quarter worth approximately $390,000. Canada Pension Plan Investment Board raised its stake in shares of Atour Lifestyle by 134.8% during the second quarter. Canada Pension Plan Investment Board now owns 267,510 shares of the company’s stock valued at $4,909,000 after acquiring an additional 153,600 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Atour Lifestyle by 19.6% in the second quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock valued at $1,161,000 after purchasing an additional 10,386 shares during the period. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on shares of Atour Lifestyle in a research note on Monday, December 9th. They issued a “buy” rating and a $34.40 target price on the stock.

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT opened at $25.85 on Monday. The business’s 50 day moving average price is $26.52 and its 200-day moving average price is $23.10. Atour Lifestyle has a fifty-two week low of $15.22 and a fifty-two week high of $29.90. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 0.47 and a beta of 0.45.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.