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

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the recipient of 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 shares of the company are short sold.

Institutional Trading of Atour Lifestyle

Several institutional investors have recently made changes to their positions in ATAT. Renaissance Technologies LLC boosted its stake in Atour Lifestyle by 126.7% in the 2nd 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 period. Hsbc Holdings PLC purchased a new position in shares of Atour Lifestyle in the second quarter worth $2,092,000. XTX Topco Ltd bought a new position in shares of Atour Lifestyle during the second quarter worth $390,000. Canada Pension Plan Investment Board grew its stake in 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 increased its holdings in Atour Lifestyle by 19.6% in the 2nd quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock valued at $1,161,000 after acquiring an additional 10,386 shares during the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Analysts Set New Price Targets

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

Atour Lifestyle Stock Performance

Shares of ATAT stock opened at $25.85 on Monday. The stock has a fifty day simple moving average of $26.52 and a two-hundred day simple moving average of $23.10. Atour Lifestyle has a 52-week low of $15.22 and a 52-week high of $29.90. The firm has a market capitalization of $3.56 billion, a PE 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.