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

Key Points

• Atour Lifestyle Holdings Limited's short interest decreased by 21.9% in August, dropping from 4,240,000 shares to 3,310,000 shares.
• The company reported earnings of $0.42 per share for the last quarter, exceeding analysts' expectations and generating revenue of $344.49 million.
• Atour Lifestyle's stock has a consensus "Buy" rating with a price target of $36.63 from various analysts.

Atour Lifestyle Holdings Limited Sponsored ADR (NASDAQ:ATAT - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 3,310,000 shares, a decline of 21.9% from the July 31st total of 4,240,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.0% of the shares of the company are sold short. Approximately 3.0% of the shares of the company are sold short. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is currently 2.5 days.

Analysts Set New Price Targets

Several research firms recently weighed in on ATAT. Citigroup restated a "buy" rating and issued a $38.00 target price (up from $36.50) on shares of Atour Lifestyle in a report on Friday, May 23rd. Wall Street Zen raised Atour Lifestyle from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $36.63.

Institutional Trading of Atour Lifestyle

A number of institutional investors and hedge funds have recently modified their holdings of ATAT. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Atour Lifestyle by 1,544.1% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock valued at $195,206,000 after purchasing an additional 6,466,787 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Atour Lifestyle by 3,189.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock valued at $73,227,000 after acquiring an additional 2,504,461 shares during the period. Principal Financial Group Inc. bought a new stake in Atour Lifestyle in the first quarter valued at $68,322,000. SG Americas Securities LLC grew its position in Atour Lifestyle by 11,289.7% in the second quarter. SG Americas Securities LLC now owns 1,390,686 shares of the company's stock valued at $45,211,000 after acquiring an additional 1,378,476 shares during the period. Finally, OLP CAPITAL MANAGEMENT Ltd grew its position in Atour Lifestyle by 17.1% in the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after acquiring an additional 1,052,822 shares during the period. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Stock Down 0.8%

NASDAQ ATAT traded down $0.32 during trading on Friday, hitting $39.67. The company's stock had a trading volume of 686,264 shares, compared to its average volume of 1,440,916. The firm has a 50 day moving average price of $36.22 and a 200 day moving average price of $31.45. The firm has a market cap of $5.48 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 1.34 and a beta of 0.83. Atour Lifestyle has a 52 week low of $19.54 and a 52 week high of $40.37.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $344.49 million for the quarter, compared to the consensus estimate of $326.00 million. Atour Lifestyle had a return on equity of 45.66% and a net margin of 16.52%. Atour Lifestyle has set its FY 2025 guidance at EPS. On average, equities analysts expect that Atour Lifestyle will post 1.24 earnings per share for the current year.

Atour Lifestyle announced that its board has initiated a share repurchase plan on Thursday, May 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

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.