ATRenew Inc. (NYSE:RERE) Short Interest Up 17.8% in February

ATRenew Inc. (NYSE:RERE) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 319,500 shares, a growth of 17.8% from the February 13th total of 271,300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 954,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of ATRenew

Several hedge funds have recently modified their holdings of RERE. Yiheng Capital Management L.P. increased its stake in ATRenew by 107.7% in the 4th quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company’s stock valued at $9,110,000 after purchasing an additional 1,639,859 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in ATRenew by 31.3% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company’s stock valued at $8,742,000 after purchasing an additional 724,415 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in ATRenew in the 4th quarter valued at approximately $6,623,000. Invesco Ltd. increased its stake in ATRenew by 1,718.6% in the 4th quarter. Invesco Ltd. now owns 1,896,877 shares of the company’s stock valued at $5,463,000 after purchasing an additional 1,792,572 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in ATRenew by 101.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,636,473 shares of the company’s stock valued at $4,713,000 after purchasing an additional 822,998 shares in the last quarter. 19.29% of the stock is owned by institutional investors and hedge funds.

ATRenew Trading Down 3.1 %

Shares of RERE traded down $0.11 during mid-day trading on Thursday, hitting $3.26. The company’s stock had a trading volume of 557,616 shares, compared to its average volume of 1,109,486. The firm has a 50-day simple moving average of $2.93 and a 200 day simple moving average of $2.78. The firm has a market capitalization of $793.80 million, a P/E ratio of -65.11, a P/E/G ratio of 0.41 and a beta of 0.08. ATRenew has a 1-year low of $1.50 and a 1-year high of $3.70.

About ATRenew

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.