Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Down 8.6% in October

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,670,000 shares, a decrease of 8.6% from the October 15th total of 2,920,000 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is presently 2.2 days.

Atour Lifestyle Price Performance

NASDAQ:ATAT traded down $0.11 during trading hours on Friday, hitting $26.00. The stock had a trading volume of 983,194 shares, compared to its average volume of 992,224. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 0.63 and a beta of 0.64. Atour Lifestyle has a one year low of $15.06 and a one year high of $29.15. The company has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $20.41.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $247.28 million for the quarter, compared to the consensus estimate of $244.72 million. Atour Lifestyle had a net margin of 17.16% and a return on equity of 47.07%. Equities research analysts anticipate that Atour Lifestyle will post 1.22 earnings per share for the current year.

Atour Lifestyle Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were given a $0.40 dividend. This represents a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 17th. Atour Lifestyle's dividend payout ratio (DPR) is 40.78%.

Institutional Investors Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new stake in shares of Atour Lifestyle during the 1st quarter valued at $35,534,000. Sei Investments Co. raised its holdings in shares of Atour Lifestyle by 112.9% during the 1st quarter. Sei Investments Co. now owns 110,634 shares of the company's stock valued at $1,985,000 after buying an additional 58,667 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Atour Lifestyle in the 2nd quarter worth approximately $4,406,000. Price T Rowe Associates Inc. MD boosted its stake in Atour Lifestyle by 363.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 883,921 shares of the company's stock worth $15,859,000 after buying an additional 693,322 shares in the last quarter. Finally, M&G Plc purchased a new stake in Atour Lifestyle in the second quarter worth approximately $23,181,000. 17.79% of the stock is owned by hedge funds and other 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.