GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Short Interest Up 64.5% in August

Key Points

• Short interest surged 64.5% in August to 43,856 shares, representing about 0.4% of GreenTree Hospitality Group’s outstanding shares and 4.5 days of average trading volume.
• GreenTree reported disappointing quarterly results, with earnings per share of $0.03 versus the $0.18 consensus estimate and revenue of $34.61 million versus expectations of $46.91 million.
• The stock opened at $1.03, near its 12-month low of $0.99, while analysts maintain a broadly negative outlook: MarketBeat lists an average rating of “Sell.”

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 43,856 shares, an increase of 64.5% from the August 15th total of 26,662 shares. Based on an average trading volume of 9,760 shares, the short-interest ratio is currently 4.5 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On GreenTree Hospitality Group

A hedge fund recently raised its stake in GreenTree Hospitality Group stock. Renaissance Technologies LLC increased its position 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 disclosure with the Securities & Exchange Commission. The fund owned 200,080 shares of the company's stock after buying an additional 10,191 shares during the period. Renaissance Technologies LLC owned 0.20% of GreenTree Hospitality Group worth $252,000 at the end of the most recent reporting period. 8.05% of the stock is currently owned by institutional investors.

GreenTree Hospitality Group Price Performance

GHG stock opened at $1.03 on Thursday. The company's 50-day moving average price is $1.11 and its two-hundred day moving average price is $1.18. The firm has a market cap of $104.03 million, a P/E ratio of 20.62 and a beta of 0.65. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.03. GreenTree Hospitality Group has a 12 month low of $0.99 and a 12 month high of $2.31.

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

Wall Street Analysts Forecast Growth

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

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd. is a China-based hospitality company that develops, operates and franchises a portfolio of hotels and lodging facilities. Its business is primarily focused on asset-light franchise and management arrangements, under which the company provides branding, reservation systems, operating standards, training and other support services to hotel owners.

The company's brand portfolio has included GreenTree Inns, GreenTree Alliance, Vatica and other hotel concepts designed to serve different customer segments, from value-oriented travelers to guests seeking midscale accommodations.

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