ATRenew Inc. (NYSE:RERE) Short Interest Update

ATRenew Inc. (NYSE:RERE) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 280,700 shares, a drop of 46.7% from the January 15th total of 526,600 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is presently 0.3 days.

ATRenew Price Performance

Shares of NYSE RERE traded down $0.23 during trading hours on Thursday, reaching $2.95. The stock had a trading volume of 511,199 shares, compared to its average volume of 625,061. The company has a market cap of $718.20 million, a price-to-earnings ratio of -59.09, a PEG ratio of 0.42 and a beta of 0.10. ATRenew has a twelve month low of $1.07 and a twelve month high of $3.70. The business’s fifty day moving average is $2.84 and its two-hundred day moving average is $2.68.

Hedge Funds Weigh In On ATRenew

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd increased its stake in ATRenew by 162.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock valued at $2,906,000 after acquiring an additional 649,214 shares during the period. Harber Asset Management LLC grew its stake in shares of ATRenew by 14.6% in the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock valued at $3,043,000 after purchasing an additional 139,842 shares during the period. Centiva Capital LP raised its holdings in shares of ATRenew by 342.2% in the 3rd quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock worth $210,000 after buying an additional 58,413 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of ATRenew by 30.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company’s stock worth $112,000 after buying an additional 11,011 shares during the period. Finally, WT Asset Management Ltd acquired a new stake in ATRenew in the 3rd quarter valued at $159,000. 19.29% of the stock is owned by institutional investors.

ATRenew Company Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.