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

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 3,500,000 shares, an increase of 9.4% from the December 15th total of 3,200,000 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of Atour Lifestyle

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of 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 last quarter. Geode Capital Management LLC grew its stake in shares of Atour Lifestyle by 1.3% during the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock worth $1,794,000 after purchasing an additional 863 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Atour Lifestyle in the third quarter valued at $143,000. Y Intercept Hong Kong Ltd purchased a new position in Atour Lifestyle in the third quarter valued at $430,000. Finally, XTX Topco Ltd raised its stake in Atour Lifestyle by 119.5% in the third quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock valued at $1,210,000 after buying an additional 25,390 shares in the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

ATAT stock traded up $0.52 during mid-day trading on Friday, reaching $25.85. The company had a trading volume of 685,579 shares, compared to its average volume of 919,022. Atour Lifestyle has a fifty-two week low of $15.22 and a fifty-two week high of $29.90. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 0.47 and a beta of 0.45. The firm has a fifty day simple moving average of $26.52 and a 200 day simple moving average of $23.07.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on shares of Atour Lifestyle in a research note on Monday, December 9th. They set a “buy” rating and a $34.40 target price on the stock.

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.