ATRenew Inc. (NYSE:RERE) Short Interest Update

ATRenew Inc. (NYSE:RERE) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 435,600 shares, a decrease of 15.7% from the April 15th total of 516,600 shares. Based on an average trading volume of 940,900 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On ATRenew

An institutional investor recently bought a new position in ATRenew stock. Lansdowne Partners UK LLP acquired a new position in shares of ATRenew Inc. (NYSE:RERE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 515,046 shares of the company’s stock, valued at approximately $1,174,000. ATRenew accounts for about 0.1% of Lansdowne Partners UK LLP’s holdings, making the stock its 25th largest holding. Lansdowne Partners UK LLP owned approximately 0.21% of ATRenew at the end of the most recent quarter. Hedge funds and other institutional investors own 19.29% of the company’s stock.

ATRenew Stock Performance

Shares of RERE opened at $2.72 on Wednesday. The company has a 50 day moving average of $1.82 and a two-hundred day moving average of $1.60. ATRenew has a twelve month low of $1.01 and a twelve month high of $3.30.

ATRenew (NYSE:RERE) last announced its earnings results on Tuesday, March 12th. The company reported $0.03 earnings per share for the quarter. ATRenew had a positive return on equity of 2.61% and a negative net margin of 1.20%. The firm had revenue of $545.58 million for the quarter. Equities analysts expect that ATRenew will post 0.14 EPS for the current fiscal year.

About ATRenew

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; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.