GreenTree Hospitality Group Ltd. (NYSE:GHG – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 57,500 shares, a growth of 7.9% from the May 31st total of 53,300 shares. Based on an average trading volume of 9,600 shares, the short-interest ratio is presently 6.0 days.
Wall Street Analyst Weigh In
Separately, Morgan Stanley upgraded GreenTree Hospitality Group from an “underweight” rating to an “equal weight” rating and set a $4.00 target price for the company in a research note on Monday, May 20th.
Check Out Our Latest Research Report on GHG
GreenTree Hospitality Group Price Performance
GreenTree Hospitality Group (NYSE:GHG – Get Free Report) last announced its quarterly earnings results on Tuesday, June 25th. The company reported $0.08 EPS for the quarter. GreenTree Hospitality Group had a net margin of 19.47% and a return on equity of 21.03%. The firm had revenue of $48.78 million during the quarter.
Institutional Trading of GreenTree Hospitality Group
An institutional investor recently bought a new position in GreenTree Hospitality Group stock. Camelot Portfolios LLC bought a new stake in GreenTree Hospitality Group Ltd. (NYSE:GHG – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,000 shares of the company’s stock, valued at approximately $49,000. Institutional investors own 8.05% of the company’s stock.
About GreenTree Hospitality Group
GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.
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