ATRenew Inc. (NYSE:RERE) Short Interest Down 21.9% in December

ATRenew Inc. (NYSE:RERE) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 393,900 shares, a decline of 21.9% from the December 15th total of 504,500 shares. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is currently 0.4 days.

ATRenew Price Performance

ATRenew stock traded up $0.06 during mid-day trading on Friday, hitting $2.65. The company’s stock had a trading volume of 552,383 shares, compared to its average volume of 583,935. ATRenew has a 52-week low of $1.01 and a 52-week high of $3.70. The company has a market cap of $645.04 million, a PE ratio of -52.89, a price-to-earnings-growth ratio of 0.37 and a beta of 0.11. The firm’s 50 day moving average is $2.85 and its 200 day moving average is $2.62.

Institutional Trading of ATRenew

A number of hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC purchased a new position in ATRenew during the third quarter valued at approximately $32,000. PFG Investments LLC purchased a new position in shares of ATRenew during the 3rd quarter valued at $95,000. Cubist Systematic Strategies LLC increased its stake in shares of ATRenew by 30.3% in the second quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company’s stock worth $112,000 after acquiring an additional 11,011 shares during the last quarter. SG Americas Securities LLC acquired a new position in ATRenew in the 4th quarter worth about $137,000. Finally, WT Asset Management Ltd acquired a new position in ATRenew in the third quarter worth approximately $159,000. 19.29% of the stock is owned by hedge funds and other institutional investors.

ATRenew Company Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.