Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Large Growth in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw a large 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 days-to-cover ratio is currently 2.1 days. Approximately 2.7% of the company’s stock are short sold.

Atour Lifestyle Stock Performance

Shares of ATAT stock opened at $25.21 on Tuesday. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.59 and a beta of 0.64. Atour Lifestyle has a one year low of $15.06 and a one year high of $29.15. The company’s 50-day simple moving average is $26.26 and its 200-day simple moving average is $20.92.

Institutional Trading of Atour Lifestyle

A number of institutional investors and hedge funds have recently modified their holdings of ATAT. Vanguard Group Inc. acquired a new position in shares of Atour Lifestyle during the first quarter valued at $35,534,000. Jupiter Asset Management Ltd. acquired a new position in Atour Lifestyle during the 2nd quarter valued at about $4,406,000. M&G Plc bought a new position in Atour Lifestyle in the 2nd quarter worth about $23,181,000. SG Americas Securities LLC increased its stake in shares of Atour Lifestyle by 1,423.5% in the second quarter. SG Americas Securities LLC now owns 233,801 shares of the company’s stock valued at $4,290,000 after purchasing an additional 218,455 shares during the period. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Atour Lifestyle by 41.6% during the second quarter. Burgundy Asset Management Ltd. now owns 613,718 shares of the company’s stock valued at $11,262,000 after buying an additional 180,368 shares during the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

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.