Short Interest in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Increases By 28.2%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,450,000 shares, a growth of 28.2% from the January 15th total of 3,470,000 shares. Based on an average daily volume of 1,160,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 4.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Atour Lifestyle

A number of large investors have recently added to or reduced their stakes in the stock. First Beijing Investment Ltd boosted its stake in shares of Atour Lifestyle by 175.0% in the third quarter. First Beijing Investment Ltd now owns 5,639,562 shares of the company’s stock worth $146,290,000 after acquiring an additional 3,588,469 shares during the period. M&G PLC raised its stake in shares of Atour Lifestyle by 173.2% during the third quarter. M&G PLC now owns 3,518,106 shares of the company’s stock valued at $91,471,000 after acquiring an additional 2,230,247 shares in the last quarter. Norges Bank purchased a new stake in Atour Lifestyle in the fourth quarter worth about $36,489,000. William Blair Investment Management LLC bought a new position in shares of Atour Lifestyle in the 4th quarter worth $24,433,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Atour Lifestyle by 174.4% during the third 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 buying an additional 709,700 shares during the last quarter. Institutional investors own 17.79% of the company’s stock.

Atour Lifestyle Stock Performance

Shares of ATAT opened at $30.80 on Friday. The firm’s 50-day simple moving average is $27.18 and its two-hundred day simple moving average is $24.37. The stock has a market cap of $4.24 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 0.51 and a beta of 0.45. Atour Lifestyle has a fifty-two week low of $15.22 and a fifty-two week high of $31.23.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group started coverage on shares of Atour Lifestyle in a report on Monday, December 9th. They issued a “buy” rating and a $34.40 price target on the stock.

About Atour Lifestyle

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.