Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Significant Increase in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 2,940,000 shares, an increase of 20.5% from the July 15th total of 2,440,000 shares. Based on an average trading volume of 984,400 shares, the short-interest ratio is currently 3.0 days. Approximately 2.7% of the shares of the stock are short sold.

Atour Lifestyle Stock Up 0.6 %

NASDAQ:ATAT traded up $0.10 during trading hours on Friday, reaching $17.27. The company had a trading volume of 1,041,198 shares, compared to its average volume of 778,945. The firm has a market capitalization of $2.38 billion, a PE ratio of 17.80, a PEG ratio of 0.40 and a beta of 0.56. The stock has a 50-day moving average of $17.61 and a two-hundred day moving average of $18.12. Atour Lifestyle has a one year low of $15.06 and a one year high of $23.00.

Atour Lifestyle (NASDAQ:ATAT) last announced its earnings results on Thursday, May 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $203.36 million during the quarter. Atour Lifestyle had a net margin of 18.19% and a return on equity of 50.00%. As a group, sell-side analysts expect that Atour Lifestyle will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Atour Lifestyle

Large investors have recently bought and sold shares of the business. Aspex Management HK Ltd acquired a new stake in shares of Atour Lifestyle in the fourth quarter valued at approximately $61,194,000. Vanguard Group Inc. acquired a new stake in shares of Atour Lifestyle in the 1st quarter valued at $35,534,000. Goldman Sachs Group Inc. raised its position in shares of Atour Lifestyle by 396.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after acquiring an additional 1,366,236 shares during the last quarter. M&G Plc acquired a new position in shares of Atour Lifestyle during the second quarter valued at $23,181,000. Finally, Schroder Investment Management Group boosted its holdings in Atour Lifestyle by 287.8% in the fourth quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock valued at $24,732,000 after acquiring an additional 1,057,305 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Macquarie initiated coverage on shares of Atour Lifestyle in a research report on Monday, April 22nd. They issued an “outperform” rating and a $26.00 price target for the company.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.