Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Update

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,200,000 shares, an increase of 38.5% from the November 30th total of 2,310,000 shares. Approximately 3.0% of the company's shares are short sold. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Atour Lifestyle

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P acquired a new stake in Atour Lifestyle in the third quarter valued at approximately $34,000. Public Employees Retirement System of Ohio acquired a new stake in Atour Lifestyle in the 3rd quarter valued at $143,000. Y Intercept Hong Kong Ltd bought a new stake in Atour Lifestyle during the 3rd quarter valued at $430,000. XTX Topco Ltd acquired a new position in Atour Lifestyle during the second quarter worth $390,000. Finally, Walleye Capital LLC bought a new position in shares of Atour Lifestyle in the third quarter valued at $649,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on shares of Atour Lifestyle in a research report on Monday, December 9th. They issued a "buy" rating and a $34.40 price objective on the stock.

Atour Lifestyle Trading Down 6.2 %

Shares of NASDAQ:ATAT traded down $1.77 on Friday, reaching $27.00. 1,208,027 shares of the company's stock were exchanged, compared to its average volume of 992,160. Atour Lifestyle has a twelve month low of $15.22 and a twelve month high of $29.90. The company has a fifty day moving average of $26.73 and a 200-day moving average of $22.25. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 0.65 and a beta of 0.52.

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.