Atour Lifestyle Holdings Limited (NASDAQ:ATAT – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,380,000 shares, an increase of 11.7% from the May 31st total of 2,130,000 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 968,800 shares, the short-interest ratio is presently 2.5 days.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Macquarie began coverage on shares of Atour Lifestyle in a report on Monday, April 22nd. They issued an “outperform” rating and a $26.00 price target on the stock. Bank of America reduced their price objective on Atour Lifestyle from $25.00 to $23.70 and set a “buy” rating on the stock in a research note on Monday, April 1st.
Read Our Latest Analysis on ATAT
Institutional Inflows and Outflows
Atour Lifestyle Stock Performance
Shares of NASDAQ ATAT traded up $0.15 during trading hours on Tuesday, hitting $18.82. The company’s stock had a trading volume of 576,068 shares, compared to its average volume of 759,190. Atour Lifestyle has a 12 month low of $15.06 and a 12 month high of $23.00. The business has a 50-day simple moving average of $18.10 and a 200-day simple moving average of $18.13. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 0.47 and a beta of 0.55.
Atour Lifestyle (NASDAQ:ATAT – Get Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Atour Lifestyle had a net margin of 18.19% and a return on equity of 50.00%. The business had revenue of $203.36 million for the quarter. On average, equities research analysts forecast that Atour Lifestyle will post 1.11 EPS for the current year.
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.
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