GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Sees Significant Decrease in Short Interest

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 15,870 shares, a decline of 41.7% from the September 30th total of 27,207 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 24,797 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of GreenTree Hospitality Group

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

GreenTree Hospitality Group Stock Performance

GHG traded down $0.02 during trading hours on Friday, hitting $0.97. The stock had a trading volume of 67,991 shares, compared to its average volume of 44,396. The company’s fifty day simple moving average is $1.02 and its 200 day simple moving average is $1.20. GreenTree Hospitality Group has a 1 year low of $0.91 and a 1 year high of $2.04. The stock has a market cap of $98.17 million, a PE ratio of 19.46 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.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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.com, the company currently 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.