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

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 18,440 shares, an increase of 35.6% from the November 30th total of 13,594 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 32,504 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 32,504 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Hotel101 Global Stock Performance

NASDAQ:HBNB traded down $0.11 during trading hours on Tuesday, hitting $7.45. The company’s stock had a trading volume of 75,842 shares, compared to its average volume of 18,742. Hotel101 Global has a 52-week low of $1.55 and a 52-week high of $8.31. The company has a 50-day moving average price of $6.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Yakira Capital Management Inc. acquired a new stake in shares of Hotel101 Global during the 3rd quarter valued at approximately $32,000. Polar Asset Management Partners Inc. acquired a new position in Hotel101 Global during the third quarter worth $88,000. Hudson Bay Capital Management LP acquired a new position in Hotel101 Global during the third quarter worth $62,000. Finally, Citadel Advisors LLC purchased a new stake in Hotel101 Global during the third quarter worth $43,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Hotel101 Global to a “hold” rating in a research note on Friday, October 10th.

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.