ATRenew Inc. (NYSE:RERE) Sees Significant Growth in Short Interest

ATRenew Inc. (NYSE:RERE) saw a significant growth in short interest during the month of 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 days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

ATRenew Trading Down 0.4 %

Shares of RERE traded down $0.02 on Wednesday, reaching $3.36. 281,010 shares of the company’s stock traded hands, compared to its average volume of 1,108,816. The stock has a market cap of $818.19 million, a PE ratio of -67.09, a PEG ratio of 0.41 and a beta of 0.08. The stock’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $2.77. ATRenew has a 52-week low of $1.50 and a 52-week high of $3.70.

Institutional Trading of ATRenew

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in ATRenew during the fourth quarter worth about $29,000. Walleye Capital LLC bought a new position in ATRenew during the third quarter valued at approximately $32,000. QRG Capital Management Inc. bought a new position in shares of ATRenew in the fourth quarter worth approximately $48,000. Squarepoint Ops LLC purchased a new stake in ATRenew in the fourth quarter worth $50,000. Finally, Russell Investments Group Ltd. purchased a new stake in ATRenew in the fourth quarter worth $82,000. 19.29% of the stock is currently owned by institutional investors.

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.