ATRenew Inc. (NYSE:RERE) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its holdings in ATRenew Inc. (NYSE:RERE) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,399,214 shares of the company’s stock after purchasing an additional 350,000 shares during the period. Harvest Fund Management Co. Ltd’s holdings in ATRenew were worth $4,016,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RERE. Walleye Capital LLC acquired a new position in shares of ATRenew in the 3rd quarter worth approximately $32,000. QRG Capital Management Inc. purchased a new position in shares of ATRenew in the fourth quarter worth approximately $48,000. SG Americas Securities LLC purchased a new position in shares of ATRenew in the fourth quarter worth approximately $137,000. Quadrature Capital Ltd increased its position in shares of ATRenew by 67.8% in the third quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock worth $197,000 after acquiring an additional 28,569 shares in the last quarter. Finally, Centiva Capital LP increased its position in shares of ATRenew by 342.2% in the third quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock worth $210,000 after acquiring an additional 58,413 shares in the last quarter. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Price Performance

ATRenew stock opened at $3.38 on Wednesday. The firm’s 50 day simple moving average is $2.91 and its 200-day simple moving average is $2.77. The company has a market cap of $823.07 million, a P/E ratio of -67.49, a price-to-earnings-growth ratio of 0.41 and a beta of 0.08. ATRenew Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $3.70.

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.