ATRenew (NYSE:RERE) Sees Large Volume Increase – Here’s What Happened

ATRenew Inc. (NYSE:REREGet Free Report) saw an uptick in trading volume on Monday . 319,769 shares changed hands during mid-day trading, a decline of 39% from the previous session’s volume of 524,424 shares.The stock last traded at $2.49 and had previously closed at $2.62.

ATRenew Trading Down 1.2 %

The stock has a 50-day simple moving average of $2.85 and a 200 day simple moving average of $2.62. The stock has a market capitalization of $592.61 million, a price-to-earnings ratio of -48.59, a price-to-earnings-growth ratio of 0.60 and a beta of 0.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd boosted its stake in shares of ATRenew by 67.8% during the 3rd quarter. Quadrature Capital Ltd now owns 70,729 shares of the company’s stock valued at $197,000 after buying an additional 28,569 shares during the period. Harber Asset Management LLC boosted its position in ATRenew by 14.6% during the third quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock valued at $3,043,000 after purchasing an additional 139,842 shares during the last quarter. Centiva Capital LP grew its stake in ATRenew by 342.2% in the third quarter. Centiva Capital LP now owns 75,483 shares of the company’s stock valued at $210,000 after purchasing an additional 58,413 shares in the last quarter. Walleye Capital LLC acquired a new position in ATRenew in the 3rd quarter worth about $32,000. Finally, Harvest Fund Management Co. Ltd increased its position in ATRenew by 162.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock worth $2,906,000 after purchasing an additional 649,214 shares during the last quarter. 19.29% of the stock is owned by hedge funds and other institutional investors.

ATRenew Company Profile

(Get Free Report)

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.

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