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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 2,400 shares, a drop of 29.4% from the December 15th total of 3,400 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 0.6 days.

LuxUrban Hotels Stock Down 7.7 %

Shares of LUXHP stock traded down $1.17 during mid-day trading on Wednesday, reaching $14.03. 2,387 shares of the company were exchanged, compared to its average volume of 3,343. The business’s 50 day simple moving average is $15.21 and its 200 day simple moving average is $14.86. LuxUrban Hotels has a fifty-two week low of $11.89 and a fifty-two week high of $24.80.

LuxUrban Hotels Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.2708 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 23.16%.

About LuxUrban Hotels

LuxUrban Hotels Inc engages in the leasing of entire existing 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, 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.