Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Short Interest Down 41.8% in January

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 9,361 shares, a drop of 41.8% from the January 15th total of 16,084 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 19,120 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 19,120 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several brokerages recently commented on HBNB. Weiss Ratings started coverage on Hotel101 Global in a research report on Monday, January 5th. They set a “sell (d)” rating on the stock. Wall Street Zen raised shares of Hotel101 Global to a “sell” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hotel101 Global Stock Down 2.5%

NASDAQ:HBNB traded down $0.19 during trading hours on Friday, reaching $7.37. 18,474 shares of the stock were exchanged, compared to its average volume of 22,969. The company’s 50 day moving average is $7.92. Hotel101 Global has a 52 week low of $1.55 and a 52 week high of $10.43.

Institutional Investors Weigh In On Hotel101 Global

A number of institutional investors have recently modified their holdings of HBNB. Polar Asset Management Partners Inc. bought a new position in shares of Hotel101 Global during the third quarter valued at approximately $88,000. Alterna Wealth Management Inc. bought a new stake in shares of Hotel101 Global in the 4th quarter worth approximately $154,000. Hudson Bay Capital Management LP bought a new position in Hotel101 Global during the 3rd quarter worth $62,000. Citadel Advisors LLC acquired a new position in shares of Hotel101 Global during the third quarter valued at $43,000. Finally, Yakira Capital Management Inc. bought a new position in Hotel101 Global in the 3rd quarter worth about $32,000.

About Hotel101 Global

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.