Hotel101 Global Holdings Corp. (NASDAQ:HBNB) Short Interest Up 169.2% in February

Key Points

• Short interest jumped 169.2% to 15,270 shares as of Feb. 27, giving a short-interest ratio of about 2.1 days, though MarketBeat also reports 0.0% of shares sold short.
• HBNB traded around $8.18 midday, with a 52-week range of $1.55 to $10.43 and a 50-day moving average near $8.20.
• The stock carries an average analyst rating of Sell (recent sell calls from Wall Street Zen and Weiss), while several hedge funds have taken small new positions in the company.

Hotel101 Global Holdings Corp. (NASDAQ:HBNB - Get Free Report) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 15,270 shares, an increase of 169.2% from the February 12th total of 5,673 shares. Based on an average daily volume of 7,368 shares, the short-interest ratio is currently 2.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,368 shares, the short-interest ratio is currently 2.1 days.

Hotel101 Global Price Performance

Shares of HBNB traded up $0.08 during midday trading on Wednesday, hitting $8.18. The stock had a trading volume of 3,424 shares, compared to its average volume of 16,675. Hotel101 Global has a fifty-two week low of $1.55 and a fifty-two week high of $10.43. The stock's 50-day moving average price is $8.20.

Wall Street Analyst Weigh In

HBNB has been the subject of a number of research reports. Wall Street Zen upgraded shares of Hotel101 Global to a "sell" rating in a report on Saturday, January 10th. Weiss Ratings started coverage on Hotel101 Global in a research report on Monday, January 5th. They set a "sell (d)" rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".

Institutional Investors Weigh In On Hotel101 Global

Hedge funds have recently bought and sold shares of the business. Alterna Wealth Management Inc. bought a new stake in Hotel101 Global in the fourth quarter worth $154,000. Hudson Bay Capital Management LP acquired a new stake in shares of Hotel101 Global in the third quarter worth about $62,000. Polar Asset Management Partners Inc. bought a new stake in shares of Hotel101 Global during the 3rd quarter worth about $88,000. Citadel Advisors LLC bought a new stake in shares of Hotel101 Global during the 3rd quarter worth about $43,000. Finally, Yakira Capital Management Inc. acquired a new position in shares of Hotel101 Global during the 3rd quarter valued at about $32,000.

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.

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