Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Update

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 3,200,000 shares, a growth of 38.5% from the November 30th total of 2,310,000 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On Atour Lifestyle

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Beijing Investment Ltd boosted its position in Atour Lifestyle by 175.0% in the third quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company’s stock valued at $146,290,000 after buying an additional 3,588,469 shares in the last quarter. M&G PLC grew its position 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 last quarter. Prudential PLC acquired a new position in Atour Lifestyle in the 2nd quarter worth about $13,161,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Atour Lifestyle by 174.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock valued at $28,965,000 after purchasing an additional 709,700 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Atour Lifestyle by 352.7% during the third quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after purchasing an additional 693,342 shares in the last quarter. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Trading Down 6.2 %

NASDAQ ATAT traded down $1.77 during trading on Friday, hitting $27.00. 1,208,027 shares of the company’s stock were exchanged, compared to its average volume of 992,160. The company has a market cap of $3.72 billion, a PE ratio of 23.28, a P/E/G ratio of 0.65 and a beta of 0.52. Atour Lifestyle has a fifty-two week low of $15.22 and a fifty-two week high of $29.90. The stock’s 50 day moving average price is $26.73 and its two-hundred day moving average price is $22.25.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 price objective for the company.

About Atour Lifestyle

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.