Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Sees Significant Decline in Short Interest

Hotel101 Global Holdings Corp. (NASDAQ:HBNB) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,100 shares, a drop of 36.6% from the April 30th total of 6,465 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 8,186 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Hotel101 Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. acquired a new position in Hotel101 Global in the 3rd quarter valued at $88,000. Alterna Wealth Management Inc. acquired a new position in Hotel101 Global in the 4th quarter valued at $154,000. Hudson Bay Capital Management LP acquired a new position in Hotel101 Global in the 3rd quarter valued at $62,000. Citadel Advisors LLC acquired a new position in Hotel101 Global in the 3rd quarter valued at $43,000. Finally, Yakira Capital Management Inc. acquired a new position in Hotel101 Global in the 3rd quarter valued at $32,000.

Hotel101 Global Price Performance

Shares of NASDAQ HBNB opened at $5.69 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $6.52 and a two-hundred day moving average price of $7.35. Hotel101 Global has a fifty-two week low of $1.55 and a fifty-two week high of $10.43.

Hotel101 Global (NASDAQ:HBNB) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $29.47 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Hotel101 Global from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hotel101 Global presently has a consensus rating of “Sell”.

About Hotel101 Global

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.