Short Interest in Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Rises By 30.9%

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 24,130 shares, an increase of 30.9% from the December 15th total of 18,440 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,223 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 13,223 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HBNB shares. Wall Street Zen raised shares of Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. Weiss Ratings started coverage on Hotel101 Global in a report on Monday, January 5th. They issued a “sell (d)” rating for the company. 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 Stock Performance

NASDAQ HBNB traded up $0.03 on Friday, hitting $10.00. The company’s stock had a trading volume of 16,659 shares, compared to its average volume of 17,993. The stock’s 50-day simple moving average is $7.44. Hotel101 Global has a 1-year low of $1.55 and a 1-year high of $10.43.

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.