GreenTree Hospitality Group Ltd. (NYSE:GHG – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 62,700 shares, an increase of 8.9% from the March 15th total of 57,600 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 11.4 days.
Institutional Trading of GreenTree Hospitality Group
Several hedge funds have recently made changes to their positions in the company. Camelot Portfolios LLC purchased a new stake in shares of GreenTree Hospitality Group during the 4th quarter worth approximately $49,000. Envestnet Asset Management Inc. purchased a new stake in shares of GreenTree Hospitality Group during the 1st quarter worth approximately $80,000. Norges Bank purchased a new stake in shares of GreenTree Hospitality Group during the 4th quarter worth approximately $140,000. JPMorgan Chase & Co. boosted its stake in shares of GreenTree Hospitality Group by 300,895.2% during the 1st quarter. JPMorgan Chase & Co. now owns 63,209 shares of the company’s stock worth $317,000 after acquiring an additional 63,188 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of GreenTree Hospitality Group during the 1st quarter worth approximately $2,040,000. Institutional investors and hedge funds own 8.05% of the company’s stock.
GreenTree Hospitality Group Price Performance
NYSE:GHG traded down $0.07 during trading hours on Wednesday, reaching $2.92. 4,963 shares of the company’s stock were exchanged, compared to its average volume of 7,276. GreenTree Hospitality Group has a 1-year low of $2.90 and a 1-year high of $6.78. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $3.13 and a 200 day moving average of $3.61.
About GreenTree Hospitality Group
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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