Short Interest in Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Expands By 169.2%

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 15,270 shares, an increase of 169.2% from the February 12th total of 5,673 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,368 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 7,368 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

HBNB has been the subject of several research analyst reports. Weiss Ratings initiated coverage on Hotel101 Global in a report on Monday, January 5th. They issued a “sell (d)” rating for the company. Wall Street Zen raised shares of Hotel101 Global to a “sell” rating in a report on Saturday, January 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hotel101 Global Trading Up 0.4%

NASDAQ HBNB traded up $0.03 during trading hours on Thursday, hitting $8.21. 5,836 shares of the company’s stock traded hands, compared to its average volume of 16,449. The stock has a fifty day simple moving average of $8.21. Hotel101 Global has a 52 week low of $1.55 and a 52 week high of $10.43.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Yakira Capital Management Inc. purchased a new position in Hotel101 Global during the third quarter valued at approximately $32,000. Citadel Advisors LLC bought a new stake in shares of Hotel101 Global during the third quarter valued at approximately $43,000. Hudson Bay Capital Management LP bought a new position in shares of Hotel101 Global during the third quarter worth $62,000. Polar Asset Management Partners Inc. bought a new stake in Hotel101 Global in the 3rd quarter valued at $88,000. Finally, Alterna Wealth Management Inc. bought a new position in shares of Hotel101 Global during the 4th quarter valued at about $154,000.

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.