Atour Lifestyle Holdings Limited (NASDAQ:ATAT – Get Free Report ) has seen a significant increase in short interest in July. As of July 31, short interest totaled 2,940,000 shares, up 20.5% from a total of 2,440,000 shares on July 15. Currently, 2.7% of the company's shares are sold short. Based on the average daily trading volume of 984,400 shares, the days coverage ratio is currently at 3.0 days.
Wall Street analysts predict growth
Meanwhile, Macquarie began researching Atul Lifestyles in a research note on Monday, April 22. The firm issued an “outperform” rating and a $26.00 price target on the stock.
Check out our latest analysis for ATAT
Atul Lifestyle Stock Performance
NASDAQ ATAT opened at $17.17 on Friday. Atour Lifestyle's low over the past 12 months is $15.06 and its high is $23.00. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio (PE) of 17.70, a price-to-earnings ratio (PEG) of 0.40 and a beta of 0.56. The stock's 50-day simple moving average is $17.62 and its 200-day simple moving average is $18.13.
Atour Lifestyle (NASDAQ:ATAT – Get free report ) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Atour Lifestyle had a return on equity of 50.00% and a net margin of 18.19%. Revenues for the quarter were $203.36 million. As a group, equities research analysts expect Atour Lifestyle to post earnings per share of $1.11 for the current fiscal year.
Hedge funds interfere with Atul's lifestyle
Large investors have recently increased or decreased their investments in the company. National Bank of Canada FI acquired a new stake in Atour Lifestyle in the fourth quarter valued at approximately $25,000. New York State Retirement Fund acquired a new stake in Atour Lifestyle in the fourth quarter valued at approximately $42,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Atour Lifestyle in the first quarter valued at approximately $47,000. Quadrature Capital Ltd acquired a new stake in Atour Lifestyle in the fourth quarter valued at approximately $260,000. Finally, SG Americas Securities LLC acquired a new stake in Atour Lifestyle in the first quarter valued at approximately $275,000. Institutional investors and hedge funds hold 17.79% of the company's shares.
Atour Lifestyle Company Profile
(Get your free report)
Atour Lifestyle Holdings Limited, through its subsidiaries, offers a hotel-focused lifestyle brand in the People's Republic of China. The company operates a series of themed hotels, such as Music Hotels, Basketball Hotels and Literary Hotels, which cater to different lifestyles of people of different ages and with different interests.
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