Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Short Interest Update

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 243,100 shares, a growth of 361.3% from the August 15th total of 52,700 shares. Based on an average daily trading volume, of 538,300 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Atour Lifestyle

A number of institutional investors have recently bought and sold shares of ATAT. JPMorgan Chase & Co. purchased a new stake in Atour Lifestyle in the 2nd quarter worth $35,000. EverSource Wealth Advisors LLC purchased a new position in shares of Atour Lifestyle during the first quarter valued at about $55,000. Point72 Asset Management L.P. purchased a new position in shares of Atour Lifestyle during the fourth quarter valued at about $85,000. Canada Pension Plan Investment Board purchased a new position in shares of Atour Lifestyle during the second quarter valued at about $113,000. Finally, Barclays PLC grew its position in shares of Atour Lifestyle by 80.7% during the second quarter. Barclays PLC now owns 8,310 shares of the company’s stock valued at $135,000 after purchasing an additional 3,710 shares in the last quarter. Hedge funds and other institutional investors own 5.61% of the company’s stock.

Atour Lifestyle Trading Up 0.8 %

Shares of ATAT opened at $19.44 on Friday. The business’s fifty day simple moving average is $19.78 and its two-hundred day simple moving average is $20.43. Atour Lifestyle has a 12 month low of $11.02 and a 12 month high of $29.40.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Thursday, August 17th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $150.69 million for the quarter. Equities analysts expect that Atour Lifestyle will post 0.63 earnings per share for the current year.

Atour Lifestyle Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 6th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, September 5th. This represents a yield of 0.6%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley assumed coverage on Atour Lifestyle in a research note on Tuesday, August 29th. They issued an “overweight” rating and a $36.00 price target on the stock. Daiwa Capital Markets initiated coverage on Atour Lifestyle in a research note on Thursday, July 20th. They set a “buy” rating and a $24.00 target price on the stock.

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.