Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Significant Growth in Short Interest

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

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in Atour Lifestyle by 352.7% in the third quarter. FMR LLC now owns 889,942 shares of the company’s stock worth $23,085,000 after purchasing an additional 693,342 shares during the period. Wellington Management Group LLP bought a new position in shares of Atour Lifestyle in the 3rd quarter worth about $1,251,000. XTX Topco Ltd boosted its holdings in shares of Atour Lifestyle by 119.5% in the 3rd quarter. XTX Topco Ltd now owns 46,638 shares of the company’s stock valued at $1,210,000 after buying an additional 25,390 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Atour Lifestyle during the 3rd quarter valued at about $2,741,000. Finally, JPMorgan Chase & Co. raised its stake in Atour Lifestyle by 24.6% during the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company’s stock worth $26,215,000 after acquiring an additional 199,330 shares during the period. 17.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Atour Lifestyle Trading Down 0.8 %

Atour Lifestyle stock traded down $0.22 during midday trading on Monday, hitting $27.19. The stock had a trading volume of 337,213 shares, compared to its average volume of 749,660. The business has a fifty day moving average price of $26.67 and a 200 day moving average price of $23.69. Atour Lifestyle has a 12 month low of $15.22 and a 12 month high of $29.90. The stock has a market cap of $3.74 billion, a P/E ratio of 23.44, a P/E/G ratio of 0.52 and a beta of 0.45.

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.