Short Interest in GreenTree Hospitality Group Ltd. (NYSE:GHG) Drops By 8.4%

GreenTree Hospitality Group Ltd. (NYSE:GHG) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 21,800 shares, a drop of 8.4% from the October 31st total of 23,800 shares. Based on an average daily volume of 11,600 shares, the days-to-cover ratio is currently 1.9 days.

GreenTree Hospitality Group Price Performance

Shares of NYSE:GHG remained flat at $2.72 during midday trading on Wednesday. The company had a trading volume of 7,844 shares, compared to its average volume of 8,407. GreenTree Hospitality Group has a 12-month low of $2.31 and a 12-month high of $4.10. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $276.19 million, a PE ratio of 5.04 and a beta of 0.49. The firm’s fifty day moving average is $2.90 and its 200-day moving average is $2.69.

Institutional Investors Weigh In On GreenTree Hospitality Group

An institutional investor recently raised its position in GreenTree Hospitality Group stock. First Affirmative Financial Network boosted its holdings in shares of GreenTree Hospitality Group Ltd. (NYSE:GHG) by 28.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,435 shares of the company’s stock after acquiring an additional 4,251 shares during the quarter. First Affirmative Financial Network’s holdings in GreenTree Hospitality Group were worth $60,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.05% of the company’s stock.

GreenTree Hospitality Group Company Profile

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.