LuxUrban Hotels Inc. (NASDAQ:LUXH) Short Interest Up 26.3% in June

LuxUrban Hotels Inc. (NASDAQ:LUXH) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,440,000 shares, an increase of 26.3% from the May 31st total of 1,140,000 shares. Based on an average trading volume of 1,540,000 shares, the short-interest ratio is presently 0.9 days. Approximately 3.8% of the company’s shares are short sold.

Insider Activity

In other LuxUrban Hotels news, Director Elan Blutinger bought 400,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $0.25 per share, with a total value of $100,000.00. Following the purchase, the director now owns 721,856 shares in the company, valued at approximately $180,464. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Brian Ferdinand sold 709,421 shares of LuxUrban Hotels stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $0.39, for a total value of $276,674.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elan Blutinger purchased 400,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $0.25 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director now directly owns 721,856 shares in the company, valued at approximately $180,464. The disclosure for this purchase can be found here. Insiders own 51.50% of the company’s stock.

Institutional Trading of LuxUrban Hotels

A number of hedge funds and other institutional investors have recently made changes to their positions in LUXH. Russell Investments Group Ltd. purchased a new position in shares of LuxUrban Hotels in the fourth quarter worth approximately $1,532,000. Perritt Capital Management Inc. increased its position in shares of LuxUrban Hotels by 684.0% in the fourth quarter. Perritt Capital Management Inc. now owns 156,800 shares of the company’s stock worth $936,000 after acquiring an additional 136,800 shares in the last quarter. Calamos Advisors LLC purchased a new position in shares of LuxUrban Hotels in the fourth quarter worth approximately $714,000. Ancora Advisors LLC increased its position in shares of LuxUrban Hotels by 71.9% in the third quarter. Ancora Advisors LLC now owns 255,776 shares of the company’s stock worth $1,192,000 after acquiring an additional 107,012 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in shares of LuxUrban Hotels in the first quarter worth approximately $98,000. 28.46% of the stock is currently owned by institutional investors.

LuxUrban Hotels Stock Down 7.5 %

Shares of LUXH stock traded down $0.02 during midday trading on Tuesday, reaching $0.22. 429,209 shares of the company were exchanged, compared to its average volume of 998,422. LuxUrban Hotels has a 12 month low of $0.21 and a 12 month high of $6.88. The company’s 50 day moving average price is $0.45 and its two-hundred day moving average price is $2.28.

LuxUrban Hotels (NASDAQ:LUXH) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). LuxUrban Hotels had a negative return on equity of 303.00% and a negative net margin of 77.31%. The company had revenue of $29.10 million for the quarter, compared to the consensus estimate of $28.70 million. On average, analysts forecast that LuxUrban Hotels will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Maxim Group reaffirmed a “hold” rating on shares of LuxUrban Hotels in a report on Wednesday, May 15th. Jonestrading reissued a “buy” rating and set a $4.00 target price (down from $10.00) on shares of LuxUrban Hotels in a research note on Wednesday, April 17th. Finally, Northland Securities lowered shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research note on Monday, May 6th.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.