Short Interest in GreenTree Hospitality Group Ltd. (NYSE:GHG) Expands By 131.6%
GreenTree Hospitality Group Ltd. (NYSE:GHG) experienced a significant increase in short interest, rising 131.6% in May, totaling 17,600 shares by May 31. The days-to-cover ratio is 0.7 days, with 0.2% of shares sold short. Institutional investor Genus Capital Management raised its stake by 200% in Q1. The stock traded at $2.05, with a market cap of $207.62 million and a P/E ratio of 3.79. The company reported a loss of $0.10 per share in its last earnings report, missing estimates. GreenTree operates hotels in China and was founded in 2004.
GreenTree Hospitality Group Ltd. (NYSE:GHG - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 17,600 shares, an increase of 131.6% from the May 15th total of 7,600 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.
Institutional Trading of GreenTree Hospitality Group
An institutional investor recently raised its position in GreenTree Hospitality Group stock. Genus Capital Management Inc. raised its stake in GreenTree Hospitality Group Ltd. (NYSE:GHG - Free Report) by 200.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,616 shares of the company's stock after acquiring an additional 31,232 shares during the period. Genus Capital Management Inc.'s holdings in GreenTree Hospitality Group were worth $38,000 as of its most recent SEC filing. 8.05% of the stock is owned by hedge funds and other institutional investors.
GreenTree Hospitality Group Stock Performance
Shares of NYSE GHG traded up $0.01 during midday trading on Friday, hitting $2.05. 24,100 shares of the stock traded hands, compared to its average volume of 15,347. GreenTree Hospitality Group has a one year low of $1.93 and a one year high of $3.40. The firm has a 50-day moving average of $2.08 and a two-hundred day moving average of $2.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.53 and a current ratio of 1.54. The firm has a market capitalization of $207.62 million, a P/E ratio of 3.79 and a beta of 0.51.
GreenTree Hospitality Group (NYSE:GHG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.17). GreenTree Hospitality Group had a return on equity of 12.70% and a net margin of 13.93%. The business had revenue of $41.71 million during the quarter, compared to the consensus estimate of $48.24 million.
GreenTree Hospitality Group Company Profile
(Get Free Report)GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree Inns brand in the People's Republic of China. It also engages in investment holding activities; and provision of information technology services. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.
See Also
- Five stocks we like better than GreenTree Hospitality Group
- What is the Hang Seng index?
- Synopsys Stock Falls on China Ban, But Long-Term Outlook Holds
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Alphabet Enters a Bull Market: Is It Time to Buy?
- CD Calculator: Certificate of Deposit Calculator
- Ouster Soars 27% as DoD Grants First 3D LiDAR Approval for Drones
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in GreenTree Hospitality Group Right Now?
Before you consider GreenTree Hospitality Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GreenTree Hospitality Group wasn't on the list.
While GreenTree Hospitality Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here