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

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 3,200,000 shares, a growth of 38.5% from the November 30th total of 2,310,000 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P acquired a new stake in shares of Atour Lifestyle in the 3rd quarter worth $34,000. Public Employees Retirement System of Ohio acquired a new stake in Atour Lifestyle during the third quarter worth about $143,000. XTX Topco Ltd purchased a new position in Atour Lifestyle during the second quarter worth about $390,000. Y Intercept Hong Kong Ltd acquired a new position in Atour Lifestyle in the 3rd quarter valued at about $430,000. Finally, Van Berkom & Associates Inc. acquired a new stake in shares of Atour Lifestyle during the 2nd quarter worth approximately $492,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Trading Down 1.6 %

ATAT stock traded down $0.44 during mid-day trading on Monday, reaching $26.56. The company’s stock had a trading volume of 874,874 shares, compared to its average volume of 991,696. The stock has a market cap of $3.65 billion, a PE ratio of 22.90, a P/E/G ratio of 0.65 and a beta of 0.52. The company’s 50 day moving average is $26.73 and its two-hundred day moving average is $22.29. Atour Lifestyle has a fifty-two week low of $15.22 and a fifty-two week high of $29.90.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on Atour Lifestyle in a research note on Monday, December 9th. They issued a “buy” rating and a $34.40 price objective for the company.

About Atour Lifestyle

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.