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

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

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

HBNB has been the subject of a number of analyst reports. Weiss Ratings assumed coverage on Hotel101 Global in a research note on Monday, January 5th. They issued a “sell (d)” rating for the company. Wall Street Zen raised shares of Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hotel101 Global Trading Up 0.3%

Shares of HBNB stock traded up $0.03 during trading on Monday, reaching $10.00. 16,659 shares of the company’s stock were exchanged, compared to its average volume of 17,993. Hotel101 Global has a twelve month low of $1.55 and a twelve month high of $10.43. The business has a fifty day moving average price of $7.44.

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.