Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Down 17.9% in April

Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Get Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 4,130,000 shares, a decrease of 17.9% from the March 31st total of 5,030,000 shares. Approximately 3.8% of the company's shares are short sold. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 3.0 days.

Atour Lifestyle Stock Up 4.0 %

Shares of ATAT stock traded up $1.02 during trading hours on Wednesday, hitting $26.59. 1,540,622 shares of the company's stock traded hands, compared to its average volume of 1,220,176. The stock has a market cap of $3.66 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. Atour Lifestyle has a 12 month low of $15.22 and a 12 month high of $33.32. The stock's 50 day simple moving average is $26.85 and its 200 day simple moving average is $27.08.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. As a group, equities research analysts expect that Atour Lifestyle will post 1.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Atour Lifestyle

Institutional investors have recently added to or reduced their stakes in the business. OLP CAPITAL MANAGEMENT Ltd boosted its stake in Atour Lifestyle by 17.1% during the fourth quarter. OLP CAPITAL MANAGEMENT Ltd now owns 7,202,395 shares of the company's stock valued at $193,672,000 after buying an additional 1,052,822 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Atour Lifestyle by 1,544.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,885,583 shares of the company's stock worth $195,206,000 after purchasing an additional 6,466,787 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Atour Lifestyle by 8.3% during the fourth quarter. Bank of America Corp DE now owns 3,534,543 shares of the company's stock valued at $95,044,000 after buying an additional 269,656 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Atour Lifestyle by 3,189.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,582,975 shares of the company's stock worth $73,227,000 after purchasing an additional 2,504,461 shares during the period. Finally, Principal Financial Group Inc. bought a new position in shares of Atour Lifestyle in the 1st quarter worth approximately $68,322,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ATAT has been the topic of several research reports. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Bank of America boosted their price target on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People's Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.