ATRenew Inc. (NYSE:RERE) Short Interest Update

ATRenew Inc. (NYSE:REREGet Rating) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 860,600 shares, a growth of 21.9% from the May 15th total of 705,700 shares. Based on an average daily trading volume, of 539,600 shares, the short-interest ratio is currently 1.6 days.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of ATRenew by 37.1% in the first quarter. BlackRock Inc. now owns 685,409 shares of the company’s stock worth $2,426,000 after acquiring an additional 185,409 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of ATRenew by 54.7% in the first quarter. Hsbc Holdings PLC now owns 508,624 shares of the company’s stock worth $1,783,000 after acquiring an additional 179,929 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of ATRenew in the third quarter worth about $1,967,000. Prescott Group Capital Management L.L.C. lifted its holdings in shares of ATRenew by 111.5% in the first quarter. Prescott Group Capital Management L.L.C. now owns 114,000 shares of the company’s stock worth $404,000 after acquiring an additional 60,100 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of ATRenew in the second quarter worth about $1,048,000. 18.02% of the stock is owned by hedge funds and other institutional investors.

Shares of RERE stock traded up $0.06 on Friday, reaching $2.75. The company had a trading volume of 9,417 shares, compared to its average volume of 308,805. ATRenew has a one year low of $2.25 and a one year high of $18.49. The business’s 50-day moving average is $2.83 and its 200 day moving average is $4.31.

About ATRenew (Get Rating)

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras, household products, and bags through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.

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