ATRenew Inc. (NYSE:RERE) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC increased its holdings in ATRenew Inc. (NYSE:RERE - Free Report) by 3,661.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 433,859 shares of the company's stock after acquiring an additional 422,325 shares during the period. Walleye Capital LLC owned approximately 0.18% of ATRenew worth $1,250,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RERE. QRG Capital Management Inc. purchased a new position in ATRenew during the 4th quarter valued at about $48,000. Sei Investments Co. purchased a new position in shares of ATRenew in the fourth quarter valued at approximately $201,000. Prescott Group Capital Management L.L.C. boosted its stake in shares of ATRenew by 31.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company's stock valued at $8,742,000 after purchasing an additional 724,415 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of ATRenew by 16.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,401 shares of the company's stock valued at $162,000 after purchasing an additional 7,883 shares in the last quarter. Finally, Yiheng Capital Management L.P. lifted its holdings in ATRenew by 107.7% during the 4th quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company's stock worth $9,110,000 after buying an additional 1,639,859 shares in the last quarter. 19.29% of the stock is currently owned by hedge funds and other institutional investors.

ATRenew Stock Performance

Shares of NYSE:RERE traded down $0.04 during trading on Friday, hitting $2.42. The company's stock had a trading volume of 394,310 shares, compared to its average volume of 1,162,232. ATRenew Inc. has a fifty-two week low of $1.55 and a fifty-two week high of $3.70. The business has a 50 day moving average price of $2.81 and a two-hundred day moving average price of $2.79. The company has a market capitalization of $588.95 million, a PE ratio of -48.29, a P/E/G ratio of 0.41 and a beta of 0.04.

ATRenew Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.