Yiheng Capital Management L.P. Buys 1,639,859 Shares of ATRenew Inc. (NYSE:RERE)

Yiheng Capital Management L.P. increased its stake in shares of ATRenew Inc. (NYSE:RERE) by 107.7% during the fourth quarter, HoldingsChannel reports. The fund owned 3,163,117 shares of the company’s stock after acquiring an additional 1,639,859 shares during the quarter. ATRenew makes up about 0.4% of Yiheng Capital Management L.P.’s portfolio, making the stock its 14th biggest holding. Yiheng Capital Management L.P.’s holdings in ATRenew were worth $9,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RERE. Harvest Fund Management Co. Ltd increased its holdings in ATRenew by 162.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock valued at $2,906,000 after buying an additional 649,214 shares during the period. Walleye Capital LLC bought a new stake in ATRenew in the 3rd quarter valued at $32,000. Centiva Capital LP increased its holdings in ATRenew by 342.2% in the 3rd quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock valued at $210,000 after buying an additional 58,413 shares during the period. Harber Asset Management LLC increased its holdings in ATRenew by 14.6% in the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock valued at $3,043,000 after buying an additional 139,842 shares during the period. Finally, Quadrature Capital Ltd increased its holdings in ATRenew by 67.8% in the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock valued at $197,000 after buying an additional 28,569 shares during the period. Institutional investors own 19.29% of the company’s stock.

ATRenew Stock Performance

RERE opened at $3.17 on Friday. The firm’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $2.78. ATRenew Inc. has a twelve month low of $1.50 and a twelve month high of $3.70. The firm has a market cap of $771.85 million, a price-to-earnings ratio of -63.29, a PEG ratio of 0.41 and a beta of 0.08.

ATRenew 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.