GreenTree Hospitality Group Ltd. (NYSE:GHG – Get Free Report) 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 – Free Report) 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 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.
Check Out Our Latest Report on GreenTree Hospitality Group
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.
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