Short Interest in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Expands By 9.4%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 3,500,000 shares, a growth of 9.4% from the December 31st total of 3,200,000 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is presently 2.9 days.

Atour Lifestyle Trading Down 1.1 %

Atour Lifestyle stock opened at $27.11 on Tuesday. Atour Lifestyle has a 12 month low of $15.22 and a 12 month high of $29.90. The company has a market capitalization of $3.73 billion, a PE ratio of 23.37, a P/E/G ratio of 0.52 and a beta of 0.45. The stock has a 50-day moving average price of $26.69 and a two-hundred day moving average price of $23.75.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on Atour Lifestyle in a research note on Monday, December 9th. They issued a “buy” rating and a $34.40 price objective on the stock.

Hedge Funds Weigh In On Atour Lifestyle

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP increased its holdings in Atour Lifestyle by 19.6% in the second quarter. Marshall Wace LLP now owns 63,289 shares of the company’s stock worth $1,161,000 after purchasing an additional 10,386 shares in the last quarter. GAM Holding AG bought a new stake in Atour Lifestyle during the 3rd quarter worth approximately $2,594,000. First Beijing Investment Ltd raised its position in Atour Lifestyle by 175.0% in the 3rd quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company’s stock valued at $146,290,000 after buying an additional 3,588,469 shares during the last quarter. M&G PLC lifted its position in shares of Atour Lifestyle by 173.2% during the third quarter. M&G PLC now owns 3,518,106 shares of the company’s stock valued at $91,471,000 after purchasing an additional 2,230,247 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Atour Lifestyle during the 3rd quarter worth approximately $666,000. 17.79% of the stock is currently owned by institutional investors.

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.