GreenTree Hospitality Group Ltd. (NYSE:GHG) Sees Large Growth in Short Interest

GreenTree Hospitality Group Ltd. (NYSE:GHG) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 29,700 shares, an increase of 16.5% from the November 30th total of 25,500 shares. Based on an average daily trading volume, of 11,200 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Trading of GreenTree Hospitality Group

An institutional investor recently raised its position in GreenTree Hospitality Group stock. First Affirmative Financial Network boosted its holdings in GreenTree Hospitality Group Ltd. (NYSE:GHG) by 28.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,435 shares of the company’s stock after buying an additional 4,251 shares during the quarter. First Affirmative Financial Network’s holdings in GreenTree Hospitality Group were worth $60,000 at the end of the most recent quarter. 8.05% of the stock is currently owned by hedge funds and other institutional investors.

GreenTree Hospitality Group Stock Performance

Shares of GHG stock opened at $2.52 on Monday. GreenTree Hospitality Group has a 52-week low of $2.31 and a 52-week high of $3.89. The business has a 50-day simple moving average of $2.72 and a 200-day simple moving average of $2.66. The company has a quick ratio of 1.53, a current ratio of 1.54 and a debt-to-equity ratio of 0.16. The stock has a market cap of $255.89 million, a PE ratio of 4.67 and a beta of 0.49.

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.