GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) Stock Short Interest Drops 42.1%

GreenTree Hospitality Group Ltd. Sponsored ADR (NYSE:GHG) was the recipient of a large 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. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 9,629 shares, the short-interest ratio is currently 2.6 days.

GreenTree Hospitality Group Stock Down 1.5%

Shares of NYSE:GHG traded down $0.01 during mid-day trading on Wednesday, reaching $1.01. 24,301 shares of the stock were exchanged, compared to its average volume of 8,607. 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 company has a market cap of $102.41 million, a P/E ratio of 20.30 and a beta of 0.65. GreenTree Hospitality Group has a one year low of $0.99 and a one year high of $2.31. The stock’s 50 day simple moving average is $1.08 and its 200-day simple moving average is $1.15.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat, GreenTree Hospitality Group currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

GreenTree Hospitality Group Company Profile

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.