Short Interest in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Increases By 9.4%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the recipient of a large growth in short interest during 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. Approximately 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is presently 2.9 days.

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 target for the company.

Institutional Investors Weigh In On Atour Lifestyle

Institutional investors have recently made changes to their positions in the stock. First Beijing Investment Ltd raised its stake in shares of Atour Lifestyle by 175.0% during the 3rd quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company’s stock valued at $146,290,000 after purchasing an additional 3,588,469 shares during the period. M&G PLC increased its holdings in Atour Lifestyle by 173.2% during the 3rd quarter. M&G PLC now owns 3,518,106 shares of the company’s stock worth $91,471,000 after acquiring an additional 2,230,247 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Atour Lifestyle by 174.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock worth $28,965,000 after purchasing an additional 709,700 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Atour Lifestyle by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock valued at $26,215,000 after purchasing an additional 199,330 shares during the period. Finally, FMR LLC grew its position in Atour Lifestyle by 352.7% during the third quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after buying an additional 693,342 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Trading Up 2.1 %

Shares of ATAT stock opened at $25.85 on Friday. Atour Lifestyle has a 12 month low of $15.22 and a 12 month high of $29.90. The stock has a market capitalization of $3.56 billion, a P/E ratio of 22.28, a PEG ratio of 0.47 and a beta of 0.45. The firm’s 50 day moving average is $26.52 and its 200 day moving average is $23.04.

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.