Short Interest in Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Increases By 78.4%

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the recipient of 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. Based on an average daily volume of 6,506 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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

Hotel101 Global Stock Performance

NASDAQ HBNB opened at $5.01 on Wednesday. Hotel101 Global has a 12 month low of $1.55 and a 12 month high of $10.43. The company has a 50-day moving average of $6.08 and a 200-day moving average of $7.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04.

Hotel101 Global (NASDAQ:HBNB) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.03) EPS for the quarter. The firm had revenue of $29.47 million for the quarter.

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.