Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Short Interest Up 78.4% in May

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 7,314 shares, a growth of 78.4% from the May 14th total of 4,100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,506 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Hotel101 Global

Large investors have recently modified their holdings of the business. Alterna Wealth Management Inc. purchased a new position in shares of Hotel101 Global in the 4th quarter worth about $154,000. Hudson Bay Capital Management LP purchased a new position in shares of Hotel101 Global in the 3rd quarter worth about $62,000. Polar Asset Management Partners Inc. purchased a new position in shares of Hotel101 Global in the 3rd quarter worth about $88,000. Citadel Advisors LLC bought a new stake in Hotel101 Global in the 3rd quarter worth approximately $43,000. Finally, Yakira Capital Management Inc. bought a new stake in Hotel101 Global in the 3rd quarter worth approximately $32,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered 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, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hotel101 Global Trading Up 1.4%

Shares of HBNB traded up $0.08 during trading hours on Monday, reaching $5.32. 3,006 shares of the company’s stock traded hands, compared to its average volume of 10,264. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day simple moving average is $6.19 and its 200-day simple moving average is $7.28. Hotel101 Global has a 12 month low of $1.55 and a 12 month high of $10.43.

Hotel101 Global (NASDAQ:HBNB) last issued 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 during the quarter.

About Hotel101 Global

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.