GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Sees Significant Decrease in Short Interest

Key Points

• Short interest in GreenTree Hospitality Group fell 41.7% to 15,870 shares as of October 15, representing 0.1% of shares outstanding and just 0.6 days to cover.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell” rating, and the stock has an overall average rating of “Sell” from one tracked analyst.
• GHG shares recently traded at $0.97, near the lower end of their 12-month range, after the company missed quarterly earnings and revenue expectations with $0.03 in EPS and $34.61 million in revenue.

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 15,870 shares, a decrease of 41.7% from the September 30th total of 27,207 shares. Based on an average daily trading volume, of 24,797 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company's stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of GreenTree Hospitality Group in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of "Sell".

Institutional Inflows and Outflows

An institutional investor recently raised its stake in GreenTree Hospitality Group stock. Renaissance Technologies LLC grew its stake in shares of GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Free Report) by 5.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 200,080 shares of the company's stock after acquiring an additional 10,191 shares during the period. Renaissance Technologies LLC owned about 0.20% of GreenTree Hospitality Group worth $252,000 at the end of the most recent reporting period. 8.05% of the stock is owned by institutional investors.

GreenTree Hospitality Group Stock Down 1.7%

Shares of GHG traded down $0.02 on Friday, reaching $0.97. The company's stock had a trading volume of 67,991 shares, compared to its average volume of 44,396. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. GreenTree Hospitality Group has a twelve month low of $0.91 and a twelve month high of $2.04. The stock has a market capitalization of $98.17 million, a PE ratio of 19.46 and a beta of 0.63. The firm has a fifty day moving average of $1.02 and a 200-day moving average of $1.20.

GreenTree Hospitality Group (NYSE:GHG - Get Free Report) last issued its quarterly earnings data on Monday, August 24th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.15). GreenTree Hospitality Group had a net margin of 4.14% and a return on equity of 2.49%. The company had revenue of $34.61 million for the quarter, compared to the consensus estimate of $46.91 million.

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd. is a China-based hotel management and franchising company. It develops and operates a portfolio of lodging brands serving business and leisure travelers, with offerings spanning economy, midscale and selected upscale hotel segments.

The company's brand portfolio has included GreenTree Inn, GreenTree Alliance, Vatica, GME, Gya, Shell and other hospitality concepts. Its services generally include hotel franchising and management, reservation and membership platforms, marketing support, operating standards, technology systems, and assistance with procurement and other hotel-related functions.

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