Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Short Interest Down 33.3% in January

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 16,084 shares, a decrease of 33.3% from the December 31st total of 24,130 shares. Based on an average daily trading volume, of 24,084 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 24,084 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Hotel101 Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBNB. Alterna Wealth Management Inc. purchased a new stake in shares of Hotel101 Global during the 4th quarter worth about $154,000. Hudson Bay Capital Management LP acquired a new stake in Hotel101 Global in the third quarter valued at approximately $62,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Hotel101 Global in the third quarter valued at approximately $88,000. Citadel Advisors LLC acquired a new position in shares of Hotel101 Global during the 3rd quarter worth approximately $43,000. Finally, Yakira Capital Management Inc. purchased a new position in shares of Hotel101 Global during the 3rd quarter valued at approximately $32,000.

Hotel101 Global Stock Down 1.1%

Hotel101 Global stock traded down $0.09 during midday trading on Friday, hitting $8.31. 8,403 shares of the company were exchanged, compared to its average volume of 21,331. The stock’s fifty day simple moving average is $7.88. Hotel101 Global has a fifty-two week low of $1.55 and a fifty-two week high of $10.43.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HBNB shares. Weiss Ratings began coverage on Hotel101 Global in a research report on Monday, January 5th. They set a “sell (d)” rating on the stock. Wall Street Zen upgraded Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.