ATRenew Inc. (NYSE:RERE) Short Interest Update

ATRenew Inc. (NYSE:RERE) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 954,800 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On ATRenew

Several hedge funds have recently modified their holdings of RERE. Price T Rowe Associates Inc. MD acquired a new position in shares of ATRenew during the 4th quarter valued at $6,623,000. Invesco Ltd. increased its position in shares of ATRenew by 1,718.6% during 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 during the period. Yiheng Capital Management L.P. increased its position in shares of ATRenew by 107.7% during 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 during the period. Arrowstreet Capital Limited Partnership increased its position in shares of ATRenew by 101.2% during 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 during the period. Finally, Prescott Group Capital Management L.L.C. increased its position in shares of ATRenew by 31.3% during 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 during the period. 19.29% of the stock is currently owned by institutional investors and hedge funds.

ATRenew Price Performance

Shares of ATRenew stock opened at $3.17 on Friday. The business’s fifty day moving average price is $2.94 and its two-hundred day moving average price is $2.78. The company has a market capitalization of $771.85 million, a P/E ratio of -63.29, a PEG 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.