Short Interest in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Declines By 20.1%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,310,000 shares, a decrease of 20.1% from the November 15th total of 2,890,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is presently 1.7 days. Approximately 2.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ATAT. First Beijing Investment Ltd grew its stake in shares of 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 in the last quarter. M&G PLC boosted its position in Atour Lifestyle by 173.2% in the third quarter. M&G PLC now owns 3,518,106 shares of the company’s stock valued at $91,471,000 after buying an additional 2,230,247 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in 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 acquiring an additional 709,700 shares during the last quarter. FMR LLC increased its stake in shares of Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after buying an additional 693,342 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Atour Lifestyle by 126.7% during the second quarter. Renaissance Technologies LLC now owns 783,400 shares of the company’s stock valued at $14,375,000 after acquiring an additional 437,900 shares during the last quarter. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Price Performance

ATAT traded down $0.97 during trading on Friday, reaching $27.01. The company had a trading volume of 1,743,203 shares, compared to its average volume of 989,943. The business’s fifty day moving average price is $26.63 and its 200 day moving average price is $21.51. Atour Lifestyle has a 12 month low of $15.22 and a 12 month high of $29.90. The company has a market cap of $3.72 billion, a P/E ratio of 23.28, a PEG ratio of 0.65 and a beta of 0.52.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on shares of Atour Lifestyle in a report on Monday, December 9th. They set a “buy” rating and a $34.40 price target for the company.

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.