Short Interest in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Declines By 20.1%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,310,000 shares, a decrease of 20.1% from the November 15th total of 2,890,000 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Atour Lifestyle

Several large investors have recently bought and sold shares of ATAT. First Beijing Investment Ltd boosted its stake in shares of Atour Lifestyle by 175.0% in the 3rd quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company’s stock valued at $146,290,000 after buying an additional 3,588,469 shares during the period. M&G PLC lifted its stake in Atour Lifestyle by 173.2% in the third quarter. M&G PLC now owns 3,518,106 shares of the company’s stock worth $91,471,000 after acquiring an additional 2,230,247 shares during the last quarter. Prudential PLC acquired a new position in Atour Lifestyle during the 2nd quarter worth approximately $13,161,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Atour Lifestyle by 174.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company’s stock valued at $28,965,000 after purchasing an additional 709,700 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company’s stock valued at $23,085,000 after purchasing an additional 693,342 shares in the last quarter. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group initiated coverage on shares of Atour Lifestyle in a research note on Monday, December 9th. They issued a “buy” rating and a $34.40 price objective for the company.

Atour Lifestyle Trading Down 3.5 %

Atour Lifestyle stock opened at $27.01 on Monday. The firm has a market capitalization of $3.72 billion, a P/E ratio of 23.28, a P/E/G ratio of 0.65 and a beta of 0.52. The stock’s fifty day simple moving average is $26.63 and its 200-day simple moving average is $21.57. Atour Lifestyle has a twelve month low of $15.22 and a twelve month high of $29.90.

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.