GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Stock Short Interest Declines 74.8%

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 3,998 shares, a decline of 74.8% from the October 15th total of 15,870 shares. Based on an average daily trading volume, of 62,672 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of GreenTree Hospitality Group

An institutional investor recently raised its stake in GreenTree Hospitality Group stock. Renaissance Technologies LLC lifted its holdings in shares of GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,080 shares of the company’s stock after purchasing an additional 10,191 shares during the quarter. Renaissance Technologies LLC owned approximately 0.20% of GreenTree Hospitality Group worth $252,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.05% of the company’s stock.

GreenTree Hospitality Group Stock Down 0.9%

GHG opened at $1.05 on Thursday. The company has a market capitalization of $105.94 million, a PE ratio of 21.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.70 and a quick ratio of 1.70. GreenTree Hospitality Group has a fifty-two week low of $0.91 and a fifty-two week high of $1.99. The business has a 50-day moving average of $1.00 and a 200-day moving average of $1.17.

GreenTree Hospitality Group (NYSE:GHG) last announced its quarterly 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). GreenTree Hospitality Group had a net margin of 4.14% and a return on equity of 2.49%. The firm had revenue of $34.61 million during the quarter, compared to the consensus estimate of $46.91 million.

Analysts Set New Price Targets

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

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.