Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Short Interest Update

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 7,314 shares, an increase of 78.4% from the May 14th total of 4,100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 6,506 shares, the days-to-cover ratio is currently 1.1 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Hotel101 Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. purchased a new stake in shares of Hotel101 Global in the third quarter worth $88,000. Alterna Wealth Management Inc. purchased a new stake in shares of Hotel101 Global in the fourth quarter worth $154,000. Hudson Bay Capital Management LP purchased a new stake in shares of Hotel101 Global in the third quarter worth $62,000. Citadel Advisors LLC purchased a new stake in shares of Hotel101 Global in the third quarter worth $43,000. Finally, Yakira Capital Management Inc. purchased a new stake in shares of Hotel101 Global in the third quarter worth $32,000.

Hotel101 Global Stock Down 5.1%

HBNB stock traded down $0.27 during midday trading on Tuesday, hitting $5.01. The stock had a trading volume of 8,317 shares, compared to its average volume of 10,325. The business has a 50-day moving average of $6.08 and a two-hundred day moving average of $7.24. Hotel101 Global has a 52-week low of $1.55 and a 52-week high of $10.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.01 and a quick ratio of 1.01.

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

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.