GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Short Interest Update

Key Points

• Short interest for GreenTree Hospitality Group increased by 109.4% in September, reaching a total of 26,800 shares.
• Weiss Ratings has reaffirmed a "sell (d)" rating on GreenTree Hospitality Group, contributing to a current consensus rating of "Sell".
• The company declared a quarterly dividend of $0.06 per share to be paid on November 25th, which represents a 10.9% yield.

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 26,800 shares, an increase of 109.4% from the August 31st total of 12,800 shares. Based on an average daily trading volume, of 35,700 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 35,700 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of GreenTree Hospitality Group in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, GreenTree Hospitality Group presently has a consensus rating of "Sell".

Hedge Funds Weigh In On GreenTree Hospitality Group

An institutional investor recently raised its position in GreenTree Hospitality Group stock. Genus Capital Management Inc. lifted its holdings in GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Free Report) by 200.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,616 shares of the company's stock after purchasing an additional 31,232 shares during the period. Genus Capital Management Inc.'s holdings in GreenTree Hospitality Group were worth $38,000 at the end of the most recent reporting period. 8.05% of the stock is owned by institutional investors.

GreenTree Hospitality Group Stock Up 1.6%

Shares of GreenTree Hospitality Group stock opened at $2.20 on Friday. GreenTree Hospitality Group has a fifty-two week low of $1.81 and a fifty-two week high of $3.35. The business's fifty day moving average is $2.16 and its two-hundred day moving average is $2.18. The firm has a market cap of $222.85 million, a PE ratio of 5.10 and a beta of 0.52.

GreenTree Hospitality Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, October 31st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.24 annualized dividend and a dividend yield of 10.9%. GreenTree Hospitality Group's dividend payout ratio (DPR) is presently 13.95%.

About GreenTree Hospitality Group

GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.