GreenTree Hospitality Group Ltd. (NYSE:GHG) Sees Large Decline in Short Interest

GreenTree Hospitality Group Ltd. (NYSE:GHG) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 32,500 shares, a decrease of 21.9% from the June 30th total of 41,600 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is currently 3.5 days.

GreenTree Hospitality Group Stock Down 2.8 %

GHG stock traded down $0.07 during mid-day trading on Tuesday, reaching $2.46. The company had a trading volume of 1,381 shares, compared to its average volume of 7,272. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.30. The company has a market capitalization of $249.59 million, a price-to-earnings ratio of 6.02 and a beta of 0.51. The firm has a fifty day simple moving average of $2.59 and a 200 day simple moving average of $2.94. GreenTree Hospitality Group has a fifty-two week low of $2.36 and a fifty-two week high of $6.70.

GreenTree Hospitality Group (NYSE:GHG) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $48.78 million for the quarter. GreenTree Hospitality Group had a return on equity of 21.03% and a net margin of 19.47%.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded GreenTree Hospitality Group from an “underweight” rating to an “equal weight” rating and set a $4.00 price objective on the stock in a report on Monday, May 20th.

Institutional Investors Weigh In On GreenTree Hospitality Group

An institutional investor recently bought a new position in GreenTree Hospitality Group stock. Camelot Portfolios LLC bought a new position in shares of GreenTree Hospitality Group Ltd. (NYSE:GHG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,000 shares of the company’s stock, valued at approximately $49,000. 8.05% of the stock is owned by hedge funds and other institutional investors.

GreenTree Hospitality Group Company Profile

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.