GreenTree Hospitality Group Ltd. (NYSE:GHG) Sees Significant Growth in Short Interest

GreenTree Hospitality Group Ltd. (NYSE:GHG) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 34,300 shares, an increase of 5.5% from the July 15th total of 32,500 shares. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GreenTree Hospitality Group stock. First Affirmative Financial Network purchased a new position in shares of GreenTree Hospitality Group Ltd. (NYSE:GHG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,184 shares of the company’s stock, valued at approximately $37,000. Hedge funds and other institutional investors own 8.05% of the company’s stock.

GreenTree Hospitality Group Trading Up 19.8 %

NYSE GHG traded up $0.50 on Monday, reaching $3.02. 38,810 shares of the company were exchanged, compared to its average volume of 7,366. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. GreenTree Hospitality Group has a fifty-two week low of $2.31 and a fifty-two week high of $6.13. The business’s fifty day moving average price is $2.51 and its 200 day moving average price is $2.88. The stock has a market capitalization of $306.66 million, a P/E ratio of 6.48 and a beta of 0.51.

GreenTree Hospitality Group (NYSE:GHG) last issued its earnings results on Thursday, August 15th. The company reported $0.36 EPS for the quarter. GreenTree Hospitality Group had a net margin of 19.47% and a return on equity of 21.03%. The company had revenue of $45.37 million for the quarter.

GreenTree Hospitality Group Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, October 23rd. Investors of record on Monday, September 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, September 30th. GreenTree Hospitality Group’s dividend payout ratio is presently 126.19%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of GreenTree Hospitality Group from an “underweight” rating to an “equal weight” rating and set a $4.00 target price for the company in a research report on Monday, May 20th.

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.