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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,120 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 19,120 shares, the days-to-cover ratio is presently 0.5 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. purchased a new stake in shares of Hotel101 Global during the 3rd quarter valued at $32,000. Citadel Advisors LLC acquired a new position in Hotel101 Global in the third quarter valued at $43,000. Hudson Bay Capital Management LP purchased a new stake in Hotel101 Global during the third quarter valued at about $62,000. Alterna Wealth Management Inc. acquired a new stake in Hotel101 Global during the fourth quarter worth about $154,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Hotel101 Global in the 3rd quarter valued at about $88,000.

Analysts Set New Price Targets

Several brokerages recently commented on HBNB. Weiss Ratings assumed coverage on shares of Hotel101 Global in a research note on Monday, January 5th. They issued a “sell (d)” rating for the company. Wall Street Zen upgraded 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, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hotel101 Global Trading Down 2.5%

Hotel101 Global stock traded down $0.19 during midday trading on Friday, reaching $7.37. 18,474 shares of the company were exchanged, compared to its average volume of 22,969. Hotel101 Global has a 1 year low of $1.55 and a 1 year high of $10.43. The company’s 50-day moving average is $7.92.

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.