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

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

Hedge Funds Weigh In On GreenTree Hospitality Group

A hedge fund recently raised its stake in GreenTree Hospitality Group stock. Renaissance Technologies LLC boosted its position in GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) by 5.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,080 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 8.05% of the company’s stock.

GreenTree Hospitality Group Stock Performance

GHG traded down $0.01 during trading on Friday, hitting $1.01. 1,684 shares of the company traded hands, compared to its average volume of 48,192. GreenTree Hospitality Group has a one year low of $0.91 and a one year high of $1.99. The stock’s fifty day moving average is $1.00 and its 200 day moving average is $1.17. 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 firm has a market cap of $102.41 million, a P/E ratio of 20.60 and a beta of 0.65.

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

Wall Street Analysts Forecast Growth

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

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group is a China-focused hotel operator and franchisor. The company develops and operates hotels through a mix of franchised, managed and leased arrangements, serving travelers across a range of lodging categories. Its portfolio includes brands such as GreenTree Inn, GreenTree Alliance, GreenTree Eastern, Vatica and Shell. The company also provides hotel management and related services to property owners and franchise partners. Founded in 2004, GreenTree Hospitality Group has built a network primarily across mainland China.