Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Sees Large Drop in Short Interest

Hotel101 Global Holdings Corp. (NASDAQ:HBNB - Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 7,929 shares, a decrease of 28.3% from the March 15th total of 11,056 shares. Based on an average trading volume of 2,690 shares, the short-interest ratio is presently 2.9 days. Currently, 0.0% of the company's stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HBNB. Polar Asset Management Partners Inc. bought a new position in Hotel101 Global in the third quarter valued at $88,000. Alterna Wealth Management Inc. bought a new position in Hotel101 Global in the fourth quarter valued at $154,000. Hudson Bay Capital Management LP bought a new position in Hotel101 Global in the third quarter valued at $62,000. Citadel Advisors LLC bought a new position in Hotel101 Global in the third quarter valued at $43,000. Finally, Yakira Capital Management Inc. bought a new position in Hotel101 Global in the third quarter valued at $32,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Hotel101 Global in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Hotel101 Global to a "sell" rating in a research 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".

View Our Latest Stock Report on Hotel101 Global

Hotel101 Global Stock Performance

NASDAQ HBNB traded up $0.59 during trading on Wednesday, hitting $6.00. The stock had a trading volume of 4,357 shares, compared to its average volume of 4,006. The company has a 50-day moving average price of $7.68. Hotel101 Global has a 12 month low of $1.55 and a 12 month high of $10.43.

Hotel101 Global Company Profile

(Get Free Report)

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.

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