ATRenew Inc. (NYSE:RERE) Short Interest Down 25.6% in July

ATRenew Inc. (NYSE:RERE) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 638,600 shares, a decrease of 25.6% from the June 30th total of 858,500 shares. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of ATRenew

A hedge fund recently bought a new stake in ATRenew stock. IvyRock Asset Management HK Ltd bought a new position in shares of ATRenew Inc. (NYSE:RERE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,000 shares of the company’s stock, valued at approximately $67,000. ATRenew makes up about 0.0% of IvyRock Asset Management HK Ltd’s holdings, making the stock its 18th biggest position. Institutional investors and hedge funds own 19.29% of the company’s stock.

ATRenew Stock Up 6.7 %

Shares of RERE traded up $0.16 during trading hours on Friday, hitting $2.54. The company had a trading volume of 852,981 shares, compared to its average volume of 986,054. The business has a fifty day moving average of $2.38 and a 200-day moving average of $1.86. The firm has a market cap of $619.43 million, a price-to-earnings ratio of -21.17, a PEG ratio of 0.48 and a beta of -0.17. ATRenew has a 12 month low of $1.01 and a 12 month high of $3.25.

ATRenew (NYSE:RERE) last released its quarterly earnings results on Monday, May 20th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). ATRenew had a negative net margin of 1.44% and a positive return on equity of 2.74%. The company had revenue of $505.68 million during the quarter, compared to the consensus estimate of $493.00 million. On average, equities analysts expect that ATRenew will post 0.18 EPS for the current fiscal year.

ATRenew Company Profile

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.