Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Down 8.3% in August

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 2,760,000 shares, a drop of 8.3% from the August 15th total of 3,010,000 shares. Based on an average daily trading volume, of 1,130,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.6% of the company’s stock are sold short.

Atour Lifestyle Stock Performance

Shares of ATAT opened at $20.19 on Tuesday. The firm has a market cap of $2.78 billion, a P/E ratio of 20.81, a PEG ratio of 0.49 and a beta of 0.59. Atour Lifestyle has a twelve month low of $15.06 and a twelve month high of $20.35. The firm’s 50 day moving average price is $17.77 and its two-hundred day moving average price is $18.13.

Atour Lifestyle Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 17th. This represents a yield of 2.1%. Atour Lifestyle’s dividend payout ratio is currently 43.30%.

Hedge Funds Weigh In On Atour Lifestyle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATAT. Vanguard Group Inc. acquired a new position in shares of Atour Lifestyle during the first quarter worth about $35,534,000. FACT Capital LP grew its position in Atour Lifestyle by 14.3% in the fourth quarter. FACT Capital LP now owns 509,230 shares of the company’s stock valued at $8,840,000 after purchasing an additional 63,903 shares in the last quarter. Aspex Management HK Ltd bought a new stake in Atour Lifestyle during the 4th quarter worth about $61,194,000. Sei Investments Co. increased its position in shares of Atour Lifestyle by 112.9% in the first quarter. Sei Investments Co. now owns 110,634 shares of the company’s stock valued at $1,985,000 after acquiring an additional 58,667 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Atour Lifestyle by 363.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 883,921 shares of the company’s stock worth $15,859,000 after acquiring an additional 693,322 shares in the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Company Profile

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.