ATRenew Inc. (NYSE:RERE) Stock Position Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in ATRenew Inc. (NYSE:RERE) by 33.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,399,214 shares of the company’s stock after purchasing an additional 350,000 shares during the quarter. Harvest Fund Management Co. Ltd owned about 0.57% of ATRenew worth $4,016,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RERE. Walleye Capital LLC bought a new stake in shares of ATRenew during the 3rd quarter worth about $32,000. Centiva Capital LP raised its position in shares of ATRenew by 342.2% during the 3rd quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock worth $210,000 after buying an additional 58,413 shares in the last quarter. Harber Asset Management LLC raised its position in shares of ATRenew by 14.6% during the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock worth $3,043,000 after buying an additional 139,842 shares in the last quarter. Quadrature Capital Ltd raised its position in shares of ATRenew by 67.8% during the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock worth $197,000 after buying an additional 28,569 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of ATRenew during the 4th quarter worth about $137,000. 19.29% of the stock is currently owned by institutional investors.

ATRenew Trading Down 3.0 %

RERE stock opened at $3.38 on Wednesday. ATRenew Inc. has a 52 week low of $1.50 and a 52 week high of $3.70. The company has a market capitalization of $823.07 million, a price-to-earnings ratio of -67.49, a price-to-earnings-growth ratio of 0.41 and a beta of 0.08. The firm’s 50-day moving average is $2.91 and its two-hundred day moving average is $2.77.

About ATRenew

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.