ATRenew Inc. (NYSE:RERE) Sees Large Increase in Short Interest

ATRenew Inc. (NYSE:RERE - Get Free Report) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 319,500 shares, a growth of 17.8% from the February 13th total of 271,300 shares. Based on an average daily volume of 954,800 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd boosted its stake in shares of ATRenew by 162.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company's stock worth $2,906,000 after acquiring an additional 649,214 shares in the last quarter. Walleye Capital LLC acquired a new position in ATRenew during the third quarter worth $32,000. Centiva Capital LP boosted its position in ATRenew by 342.2% during the third quarter. Centiva Capital LP now owns 75,483 shares of the company's stock worth $210,000 after purchasing an additional 58,413 shares in the last quarter. Harber Asset Management LLC grew its holdings in ATRenew by 14.6% in the third quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company's stock valued at $3,043,000 after purchasing an additional 139,842 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position in shares of ATRenew by 67.8% in the third quarter. Quadrature Capital Ltd now owns 70,729 shares of the company's stock valued at $197,000 after buying an additional 28,569 shares in the last quarter. 19.29% of the stock is owned by hedge funds and other institutional investors.

ATRenew Trading Down 2.4 %

Shares of RERE traded down $0.08 during trading hours on Friday, reaching $3.10. The company had a trading volume of 578,480 shares, compared to its average volume of 1,113,790. ATRenew has a 12-month low of $1.50 and a 12-month high of $3.70. The firm has a 50 day simple moving average of $2.95 and a 200-day simple moving average of $2.79. The company has a market capitalization of $754.78 million, a price-to-earnings ratio of -61.89, a PEG ratio of 0.41 and a beta of 0.08.

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ATRenew Company Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.