Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Up 11.7% in June

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,380,000 shares, a growth of 11.7% from the May 31st total of 2,130,000 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average trading volume of 968,800 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ATAT shares. Macquarie assumed coverage on Atour Lifestyle in a research note on Monday, April 22nd. They set an “outperform” rating and a $26.00 price target on the stock. Bank of America cut their price target on shares of Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating for the company in a report on Monday, April 1st.

Institutional Trading of Atour Lifestyle

A number of institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in Atour Lifestyle in the fourth quarter valued at about $25,000. New York State Common Retirement Fund bought a new position in shares of Atour Lifestyle in the fourth quarter valued at $42,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Atour Lifestyle in the 1st quarter valued at about $47,000. Advisors Preferred LLC bought a new position in Atour Lifestyle during the fourth quarter worth about $66,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Atour Lifestyle in the fourth quarter valued at approximately $260,000. Institutional investors and hedge funds own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT traded up $0.15 during trading on Tuesday, reaching $18.82. The company had a trading volume of 576,068 shares, compared to its average volume of 759,190. The stock has a market cap of $2.59 billion, a PE ratio of 19.40, a PEG ratio of 0.47 and a beta of 0.55. The business’s 50 day moving average price is $18.10 and its 200-day moving average price is $18.13. Atour Lifestyle has a 52 week low of $15.06 and a 52 week high of $23.00.

Atour Lifestyle (NASDAQ:ATAT) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Atour Lifestyle had a return on equity of 50.00% and a net margin of 18.19%. The business had revenue of $203.36 million for the quarter. Equities analysts anticipate that Atour Lifestyle will post 1.11 earnings per share for the current year.

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.