LuxUrban Hotels Inc. (NASDAQ:LUXHP) Sees Significant Drop in Short Interest

LuxUrban Hotels Inc. (NASDAQ:LUXHP) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 100 shares, a decline of 87.5% from the June 15th total of 800 shares. Based on an average trading volume of 3,300 shares, the short-interest ratio is currently 0.0 days.

LuxUrban Hotels Price Performance

NASDAQ LUXHP traded up $0.11 during trading on Thursday, reaching $14.12. The company’s stock had a trading volume of 2,409 shares, compared to its average volume of 3,360. LuxUrban Hotels has a one year low of $11.90 and a one year high of $25.25. The firm has a fifty day moving average of $17.04 and a 200 day moving average of $20.36.

LuxUrban Hotels Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a $0.2708 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $3.25 annualized dividend and a dividend yield of 23.02%.

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.