ATRenew Inc. (NYSE:RERE - Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 393,900 shares, a drop of 21.9% from the December 15th total of 504,500 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is currently 0.4 days.
ATRenew Stock Up 1.6 %
RERE traded up $0.04 during trading on Wednesday, hitting $2.47. The company's stock had a trading volume of 449,324 shares, compared to its average volume of 581,892. The firm has a market capitalization of $602.36 million, a P/E ratio of -49.39, a PEG ratio of 0.60 and a beta of 0.11. ATRenew has a twelve month low of $1.01 and a twelve month high of $3.70. The stock's fifty day moving average price is $2.85 and its 200-day moving average price is $2.62.
Institutional Investors Weigh In On ATRenew
Several hedge funds and other institutional investors have recently bought and sold shares of RERE. Walleye Capital LLC acquired a new stake in shares of ATRenew in the 3rd quarter valued at about $32,000. PFG Investments LLC bought a new position in ATRenew in the third quarter worth approximately $95,000. Cubist Systematic Strategies LLC grew its stake in ATRenew by 30.3% in the second quarter. Cubist Systematic Strategies LLC now owns 47,351 shares of the company's stock valued at $112,000 after acquiring an additional 11,011 shares during the period. WT Asset Management Ltd bought a new stake in shares of ATRenew during the third quarter valued at approximately $159,000. Finally, Quadrature Capital Ltd raised its position in shares of ATRenew by 67.8% during the third quarter. Quadrature Capital Ltd now owns 70,729 shares of the company's stock worth $197,000 after purchasing an additional 28,569 shares during the period. 19.29% of the stock is owned by institutional investors.
About ATRenew
(
Get Free Report)
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.
Further Reading
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