ATRenew Inc. (NYSE:RERE) Sees Large Decrease in Short Interest

ATRenew Inc. (NYSE:RERE) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 393,900 shares, a decline of 21.9% from the December 15th total of 504,500 shares. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Harber Asset Management LLC grew its position in ATRenew by 14.6% during the third 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. Harvest Fund Management Co. Ltd lifted its position in ATRenew by 162.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock worth $2,906,000 after purchasing an additional 649,214 shares during the period. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in ATRenew during the second quarter worth $1,396,000. Renaissance Technologies LLC increased its holdings in ATRenew by 26.0% in the 2nd quarter. Renaissance Technologies LLC now owns 560,853 shares of the company’s stock valued at $1,329,000 after buying an additional 115,853 shares during the period. Finally, Marshall Wace LLP increased its holdings in ATRenew by 231.8% in the 2nd quarter. Marshall Wace LLP now owns 192,036 shares of the company’s stock valued at $455,000 after buying an additional 134,151 shares during the period. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Trading Up 2.1 %

NYSE:RERE traded up $0.06 during mid-day trading on Friday, hitting $2.65. 552,383 shares of the company’s stock traded hands, compared to its average volume of 583,935. The firm has a market capitalization of $645.04 million, a price-to-earnings ratio of -52.89, a price-to-earnings-growth ratio of 0.37 and a beta of 0.11. ATRenew has a 12 month low of $1.01 and a 12 month high of $3.70. The firm has a 50 day moving average of $2.85 and a two-hundred day moving average of $2.62.

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.