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

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GreenTree Hospitality Group (NYSE:GHG) saw short interest drop 42.1% to 25,389 shares in September. Weiss Ratings reiterated a 'sell' rating. The stock traded down 1.5% to $1.01. Recent earnings missed estimates with $0.03 EPS vs $0.18 expected. Renaissance Technologies increased its stake by 5.4% in Q1.

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 25,389 shares, a drop of 42.1% from the August 31st total of 43,856 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 9,629 shares, the days-to-cover ratio is currently 2.6 days.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on GHG

GreenTree Hospitality Group Trading Down 1.5%

Shares of NYSE:GHG traded down $0.01 during mid-day trading on Wednesday, reaching $1.01. The stock had a trading volume of 24,301 shares, compared to its average volume of 8,607. The firm has a 50 day simple moving average of $1.08 and a two-hundred day simple moving average of $1.15. GreenTree Hospitality Group has a twelve month low of $0.99 and a twelve month high of $2.31. The firm has a market cap of $102.41 million, a PE ratio of 20.30 and a beta of 0.65. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03.

GreenTree Hospitality Group (NYSE:GHG - Get Free Report) last issued its 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). 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%.

Institutional Inflows and Outflows

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 - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,080 shares of the company's stock after purchasing an additional 10,191 shares during the quarter. Renaissance Technologies LLC owned 0.20% of GreenTree Hospitality Group worth $252,000 at the end of the most recent quarter. 8.05% of the stock is owned by institutional investors.

About GreenTree Hospitality Group

(Get Free Report)

GreenTree Hospitality Group Ltd. is a China-based hospitality company that develops, operates and franchises a portfolio of hotels and lodging facilities. Its business is primarily focused on asset-light franchise and management arrangements, under which the company provides branding, reservation systems, operating standards, training and other support services to hotel owners.

The company's brand portfolio has included GreenTree Inns, GreenTree Alliance, Vatica and other hotel concepts designed to serve different customer segments, from value-oriented travelers to guests seeking midscale accommodations.

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

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