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

Key Points

• Short interest fell sharply by 28.3% to 7,929 shares as of March 31, leaving a short-interest ratio of about 2.9 days and effectively 0.0% of the company’s float reported as sold short.
• Multiple hedge funds opened new positions in Hotel101 Global—including Polar Asset Management, Alterna Wealth, Hudson Bay Capital, Citadel Advisors, and Yakira Capital—with individual stakes ranging roughly from $32,000 to $154,000.
• Analysts’ consensus is a Sell rating, while the stock traded at $6.00 (50-day MA $7.68) and has a 12‑month range of $1.55 to $10.43.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HBNB. Polar Asset Management Partners Inc. bought a new position in Hotel101 Global in the third quarter valued at $88,000. Alterna Wealth Management Inc. bought a new position in Hotel101 Global in the fourth quarter valued at $154,000. Hudson Bay Capital Management LP bought a new position in Hotel101 Global in the third quarter valued at $62,000. Citadel Advisors LLC bought a new position in Hotel101 Global in the third quarter valued at $43,000. Finally, Yakira Capital Management Inc. bought a new position in Hotel101 Global in the third quarter valued at $32,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Hotel101 Global in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Hotel101 Global to a "sell" rating in a research report on Saturday, January 10th. 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 $0.59 during trading on Wednesday, hitting $6.00. The stock had a trading volume of 4,357 shares, compared to its average volume of 4,006. The company has a 50-day moving average price of $7.68. Hotel101 Global has a 12 month low of $1.55 and a 12 month 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.

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