Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Short Interest Up 78.4% in May

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

Hotel101 Global Price Performance

NASDAQ:HBNB traded up $0.08 during mid-day trading on Monday, reaching $5.32. The stock had a trading volume of 3,006 shares, compared to its average volume of 10,264. The firm has a 50 day moving average price of $6.19 and a two-hundred day moving average price of $7.28. Hotel101 Global has a one year low of $1.55 and a one year high of $10.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01.

Hotel101 Global (NASDAQ:HBNB) last released its 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.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Hotel101 Global from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hotel101 Global currently has an average rating of “Sell”.

Institutional Trading of Hotel101 Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Yakira Capital Management Inc. bought a new stake in Hotel101 Global in the third quarter valued at approximately $32,000. Citadel Advisors LLC bought a new stake in Hotel101 Global in the third quarter valued at approximately $43,000. Hudson Bay Capital Management LP bought a new stake in Hotel101 Global in the third quarter valued at approximately $62,000. Alterna Wealth Management Inc. bought a new stake in Hotel101 Global in the fourth quarter valued at approximately $154,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Hotel101 Global in the third quarter valued at approximately $88,000.

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.