Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Sees Significant Growth in Short Interest

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,210,000 shares, a growth of 247.2% from the March 15th total of 348,500 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 541,700 shares, the days-to-cover ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered their price target on Atour Lifestyle from $25.00 to $23.70 and set a "buy" rating on the stock in a research report on Monday, April 1st.

Atour Lifestyle Stock Down 2.5 %

NASDAQ:ATAT traded down $0.47 on Wednesday, reaching $18.11. The stock had a trading volume of 811,431 shares, compared to its average volume of 552,142. The company has a market capitalization of $2.49 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 0.49 and a beta of 0.60. Atour Lifestyle has a 1-year low of $14.80 and a 1-year high of $27.10. The stock has a fifty day moving average price of $18.76 and a 200-day moving average price of $18.24.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ATAT. National Bank of Canada FI bought a new position in shares of Atour Lifestyle in the fourth quarter valued at about $25,000. Castleview Partners LLC acquired a new stake in Atour Lifestyle in the 3rd quarter valued at about $39,000. JPMorgan Chase & Co. bought a new position in shares of Atour Lifestyle in the second quarter worth about $35,000. New York State Common Retirement Fund acquired a new position in shares of Atour Lifestyle during the fourth quarter worth approximately $42,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Atour Lifestyle during the third quarter worth approximately $63,000. Institutional investors own 17.79% of the company's stock.

About Atour Lifestyle

Atour Lifestyle Holdings Limited, through its subsidiaries, provides lifestyle brands around hotel offerings in the People's Republic of China. The company operates a series of themed hotels, including music hotels, basketball hotels, and literary hotels catering to the various lifestyles across different age groups with varied interests.