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

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

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Atour Lifestyle in a research note on Monday, December 9th. They issued a “buy” rating and a $34.40 target price for the company.

Atour Lifestyle Stock Performance

Atour Lifestyle stock traded down $0.22 during trading on Monday, reaching $27.19. The company had a trading volume of 337,213 shares, compared to its average volume of 749,660. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 0.52 and a beta of 0.45. Atour Lifestyle has a 12-month low of $15.22 and a 12-month high of $29.90. The stock’s 50 day moving average price is $26.67 and its two-hundred day moving average price is $23.69.

Institutional Trading of Atour Lifestyle

A number of institutional investors and hedge funds have recently made changes to their positions in ATAT. First Beijing Investment Ltd boosted its holdings 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 acquiring an additional 3,588,469 shares during the last quarter. M&G PLC lifted its stake in shares of Atour Lifestyle by 173.2% in the 3rd quarter. M&G PLC now owns 3,518,106 shares of the company’s stock valued at $91,471,000 after purchasing an additional 2,230,247 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Atour Lifestyle by 174.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock worth $28,965,000 after purchasing an additional 709,700 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Atour Lifestyle by 24.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock worth $26,215,000 after purchasing an additional 199,330 shares during the period. Finally, FMR LLC increased its position in Atour Lifestyle by 352.7% during the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after purchasing an additional 693,342 shares in the last quarter. 17.79% of the stock is currently owned by institutional investors and hedge funds.

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.