ATRenew Inc. (NYSE:RERE) Short Interest Update

ATRenew Inc. (NYSE:RERE) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 319,500 shares, an increase of 17.8% from the February 13th total of 271,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 954,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd lifted its holdings in shares of ATRenew by 162.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock worth $2,906,000 after purchasing an additional 649,214 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of ATRenew in the 4th quarter worth approximately $48,000. Harber Asset Management LLC lifted its holdings in shares of ATRenew by 14.6% in the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock worth $3,043,000 after purchasing an additional 139,842 shares during the last quarter. Centiva Capital LP lifted its holdings in shares of ATRenew by 342.2% in the 3rd quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock worth $210,000 after purchasing an additional 58,413 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its holdings in shares of ATRenew by 31.3% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company’s stock worth $8,742,000 after purchasing an additional 724,415 shares during the last quarter. Institutional investors own 19.29% of the company’s stock.

ATRenew Stock Down 5.8 %

NYSE:RERE opened at $3.17 on Friday. The business’s 50 day moving average is $2.94 and its two-hundred day moving average is $2.78. ATRenew has a 52 week low of $1.50 and a 52 week high of $3.70. The company has a market cap of $771.85 million, a PE ratio of -63.29, a P/E/G ratio of 0.41 and a beta of 0.08.

ATRenew Company 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.