Short Interest in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Expands By 8.2%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,890,000 shares, an increase of 8.2% from the October 31st total of 2,670,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is currently 2.1 days. Currently, 2.7% of the shares of the company are sold short.

Atour Lifestyle Trading Up 1.4 %

Shares of NASDAQ:ATAT traded up $0.34 on Monday, hitting $25.49. 259,566 shares of the company were exchanged, compared to its average volume of 949,279. The stock’s 50 day moving average price is $26.26 and its 200 day moving average price is $20.91. Atour Lifestyle has a 1-year low of $15.06 and a 1-year high of $29.15. The firm has a market capitalization of $3.51 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 0.59 and a beta of 0.64.

Atour Lifestyle (NASDAQ:ATAT) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $247.28 million during the quarter, compared to analysts’ expectations of $244.72 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities analysts predict that Atour Lifestyle will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Atour Lifestyle

A number of institutional investors have recently bought and sold shares of ATAT. Geode Capital Management LLC increased its stake in shares of Atour Lifestyle by 1.3% in the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company’s stock worth $1,794,000 after acquiring an additional 863 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Atour Lifestyle during the 3rd quarter worth about $34,000. Public Employees Retirement System of Ohio purchased a new position in shares of Atour Lifestyle during the 3rd quarter valued at about $143,000. Marshall Wace LLP lifted its holdings in shares of Atour Lifestyle by 19.6% in the 2nd quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock valued at $1,161,000 after buying an additional 10,386 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Atour Lifestyle in the 3rd quarter valued at about $430,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

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.