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

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

Hotel101 Global Price Performance

Shares of HBNB traded up $0.59 during midday trading on Wednesday, reaching $6.00. The stock had a trading volume of 4,357 shares, compared to its average volume of 4,006. The company’s 50 day simple moving average is $7.68. Hotel101 Global has a one year low of $1.55 and a one year high of $10.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Polar Asset Management Partners Inc. acquired a new stake in shares of Hotel101 Global during the 3rd quarter worth about $88,000. Citadel Advisors LLC acquired a new stake in shares of Hotel101 Global during the 3rd quarter worth about $43,000. Alterna Wealth Management Inc. acquired a new stake in shares of Hotel101 Global during the 4th quarter worth about $154,000. Hudson Bay Capital Management LP acquired a new stake in shares of Hotel101 Global during the 3rd quarter worth about $62,000. Finally, Yakira Capital Management Inc. acquired a new stake in shares of Hotel101 Global during the 3rd quarter worth about $32,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Hotel101 Global to a “sell” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Hotel101 Global in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hotel101 Global currently has an average 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.