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

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 348,500 shares, a growth of 141.5% from the February 29th total of 144,300 shares. Based on an average trading volume of 519,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

Atour Lifestyle Price Performance

Shares of Atour Lifestyle stock opened at $19.00 on Thursday. The business has a 50-day moving average of $18.65 and a 200 day moving average of $18.29. Atour Lifestyle has a 12 month low of $14.80 and a 12 month high of $27.50. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 45.24 and a beta of 0.66.

Hedge Funds Weigh In On Atour Lifestyle

A number of hedge funds and other institutional investors have recently bought and sold shares of ATAT. Barclays PLC purchased a new position in Atour Lifestyle during the 4th quarter valued at about $4,394,000. Deutsche Bank AG purchased a new position in Atour Lifestyle during the 4th quarter valued at about $791,000. Point72 Asset Management L.P. acquired a new stake in Atour Lifestyle in the 4th quarter valued at about $85,000. Morgan Stanley acquired a new stake in Atour Lifestyle in the 4th quarter valued at about $294,000. Finally, Millennium Management LLC acquired a new stake in Atour Lifestyle in the 4th quarter valued at about $993,000. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.