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

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,760,000 shares, a drop of 8.3% from the August 15th total of 3,010,000 shares. Based on an average trading volume of 1,130,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.6% of the shares of the company are short sold.

Institutional Trading of Atour Lifestyle

Hedge funds have recently made changes to their positions in the business. Aspex Management HK Ltd bought a new stake in Atour Lifestyle in the 4th quarter valued at $61,194,000. Vanguard Group Inc. bought a new position in shares of Atour Lifestyle in the first quarter valued at about $35,534,000. Goldman Sachs Group Inc. lifted its stake in shares of Atour Lifestyle by 396.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,710,956 shares of the company’s stock worth $29,702,000 after buying an additional 1,366,236 shares during the last quarter. M&G Plc bought a new stake in shares of Atour Lifestyle during the 2nd quarter worth about $23,181,000. Finally, Schroder Investment Management Group grew its stake in Atour Lifestyle by 287.8% in the 4th quarter. Schroder Investment Management Group now owns 1,424,666 shares of the company’s stock valued at $24,732,000 after buying an additional 1,057,305 shares during the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

Atour Lifestyle stock opened at $20.19 on Tuesday. The company’s 50-day moving average is $17.77 and its 200-day moving average is $18.13. The firm has a market capitalization of $2.78 billion, a PE ratio of 20.81, a P/E/G ratio of 0.49 and a beta of 0.59. Atour Lifestyle has a fifty-two week low of $15.06 and a fifty-two week high of $20.35.

Atour Lifestyle Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle’s dividend payout ratio is 43.30%.

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.