GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Shares Shorted: Short Interest Down 41.7% in October

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 15,870 shares, a drop of 41.7% from the September 30th total of 27,207 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 24,797 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GreenTree Hospitality Group in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

GreenTree Hospitality Group Trading Up 1.6%

NYSE:GHG traded up $0.01 during trading hours on Monday, hitting $0.95. 50,908 shares of the stock were exchanged, compared to its average volume of 21,117. The company has a market capitalization of $96.36 million, a P/E ratio of 19.10 and a beta of 0.63. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $1.02 and its two-hundred day moving average is $1.20. GreenTree Hospitality Group has a twelve month low of $0.91 and a twelve month high of $2.04.

GreenTree Hospitality Group (NYSE:GHG) last released its earnings results on Monday, August 24th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.15). The firm had revenue of $34.61 million during the quarter, compared to analyst estimates of $46.91 million. GreenTree Hospitality Group had a net margin of 4.14% and a return on equity of 2.49%.

Hedge Funds Weigh In On GreenTree Hospitality Group

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

About GreenTree Hospitality Group

GreenTree Hospitality Group Ltd. is a China-based hotel management and franchising company. It develops and operates a portfolio of lodging brands serving business and leisure travelers, with offerings spanning economy, midscale and selected upscale hotel segments.

The company’s brand portfolio has included GreenTree Inn, GreenTree Alliance, Vatica, GME, Gya, Shell and other hospitality concepts. Its services generally include hotel franchising and management, reservation and membership platforms, marketing support, operating standards, technology systems, and assistance with procurement and other hotel-related functions.