Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Short Interest Down 36.6% in May

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,100 shares, a decline of 36.6% from the April 30th total of 6,465 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,186 shares, the days-to-cover ratio is currently 0.5 days.

Hotel101 Global Stock Down 6.3%

NASDAQ:HBNB opened at $5.20 on Wednesday. The company’s 50-day moving average is $6.62 and its two-hundred day moving average is $7.37. Hotel101 Global has a 1-year low of $1.55 and a 1-year high of $10.43. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04.

Hotel101 Global (NASDAQ:HBNB) last announced its quarterly earnings results on Friday, May 1st. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $29.47 million for the quarter.

Institutional Investors Weigh In On Hotel101 Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HBNB. Yakira Capital Management Inc. acquired a new position in Hotel101 Global in the 3rd quarter valued at about $32,000. Citadel Advisors LLC acquired a new stake in shares of Hotel101 Global during the third quarter worth about $43,000. Hudson Bay Capital Management LP acquired a new stake in shares of Hotel101 Global during the third quarter worth about $62,000. Polar Asset Management Partners Inc. purchased a new position in shares of Hotel101 Global in the third quarter valued at approximately $88,000. Finally, Alterna Wealth Management Inc. purchased a new position in shares of Hotel101 Global in the fourth quarter valued at approximately $154,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Hotel101 Global from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hotel101 Global Company Profile

Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.

Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.