Short Interest in LuxUrban Hotels Inc. (NASDAQ:LUXH) Decreases By 97.0%

LuxUrban Hotels Inc. (NASDAQ:LUXH) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 63,400 shares, a decline of 97.0% from the October 31st total of 2,140,000 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average daily volume of 309,400 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On LuxUrban Hotels

An institutional investor recently bought a new position in LuxUrban Hotels stock. Jane Street Group LLC acquired a new position in LuxUrban Hotels Inc. (NASDAQ:LUXH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 321,303 shares of the company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.23% of LuxUrban Hotels at the end of the most recent quarter. 28.46% of the stock is owned by hedge funds and other institutional investors.

LuxUrban Hotels Stock Down 1.6 %

LuxUrban Hotels stock traded down $0.02 during trading on Friday, hitting $1.24. The stock had a trading volume of 33,347 shares, compared to its average volume of 106,065. The stock’s 50 day moving average is $3.65 and its two-hundred day moving average is $9.83. LuxUrban Hotels has a 1 year low of $1.14 and a 1 year high of $481.60. The stock has a market cap of $2.69 million, a price-to-earnings ratio of -0.01 and a beta of -1.16.

LuxUrban Hotels (NASDAQ:LUXH) last posted its quarterly earnings results on Wednesday, September 25th. The company reported ($28.70) earnings per share for the quarter. The firm had revenue of $18.19 million during the quarter, compared to the consensus estimate of $33.20 million.

About LuxUrban Hotels

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.