Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Update

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,200,000 shares, an increase of 38.5% from the November 30th total of 2,310,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.0% of the company’s shares are sold short.

Atour Lifestyle Stock Down 1.6 %

NASDAQ ATAT traded down $0.44 on Monday, reaching $26.56. The stock had a trading volume of 874,874 shares, compared to its average volume of 991,696. The stock has a fifty day moving average price of $26.73 and a two-hundred day moving average price of $22.29. Atour Lifestyle has a 12-month low of $15.22 and a 12-month high of $29.90. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 0.65 and a beta of 0.52.

Institutional Investors Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Atour Lifestyle by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock valued at $1,794,000 after acquiring an additional 863 shares during the period. Loomis Sayles & Co. L P purchased a new position in shares of Atour Lifestyle in the third quarter valued at approximately $34,000. Public Employees Retirement System of Ohio acquired a new position in shares of Atour Lifestyle in the third quarter valued at approximately $143,000. Marshall Wace LLP increased its position in shares of Atour Lifestyle by 19.6% during the second quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock worth $1,161,000 after acquiring an additional 10,386 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Atour Lifestyle during the 3rd quarter worth about $430,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on shares of Atour Lifestyle in a report on Monday, December 9th. They issued a “buy” rating and a $34.40 price objective on the stock.

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.