GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Short Interest Up 64.5% in August

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 43,856 shares, an increase of 64.5% from the August 15th total of 26,662 shares. Based on an average daily volume of 9,760 shares, the short-interest ratio is presently 4.5 days. Approximately 0.4% of the company’s shares are sold short.

GreenTree Hospitality Group Stock Performance

Shares of GHG stock opened at $1.03 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $1.11 and a two-hundred day simple moving average of $1.18. GreenTree Hospitality Group has a 12 month low of $0.99 and a 12 month high of $2.31. The firm has a market capitalization of $104.03 million, a PE ratio of 20.62 and a beta of 0.65.

GreenTree Hospitality Group (NYSE:GHG) last issued its quarterly earnings data on Monday, August 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.15). GreenTree Hospitality Group had a net margin of 4.14% and a return on equity of 2.49%. The business had revenue of $34.61 million for the quarter, compared to analyst estimates of $46.91 million.

Hedge Funds Weigh In On GreenTree Hospitality Group

A hedge fund recently raised its stake in GreenTree Hospitality Group stock. Renaissance Technologies LLC increased its holdings in GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,080 shares of the company’s stock after acquiring an additional 10,191 shares during the period. Renaissance Technologies LLC owned about 0.20% of GreenTree Hospitality Group worth $252,000 at the end of the most recent quarter. 8.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of GreenTree Hospitality Group in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd. is a China-based hospitality company that develops, operates and franchises a portfolio of hotels and lodging facilities. Its business is primarily focused on asset-light franchise and management arrangements, under which the company provides branding, reservation systems, operating standards, training and other support services to hotel owners.

The company’s brand portfolio has included GreenTree Inns, GreenTree Alliance, Vatica and other hotel concepts designed to serve different customer segments, from value-oriented travelers to guests seeking midscale accommodations.