Short Interest in InnSuites Hospitality Trust (NYSEAMERICAN:IHT) Decreases By 21.4%


Share on StockTwits

InnSuites Hospitality Trust (NYSEAMERICAN:IHT) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,200 shares, a decline of 21.4% from the March 31st total of 2,800 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 74,000 shares, the short-interest ratio is presently 0.0 days.

Shares of NYSEAMERICAN:IHT traded down $0.25 during trading on Tuesday, hitting $2.06. 94,428 shares of the stock traded hands, compared to its average volume of 81,846. The business’s fifty day simple moving average is $2.22. InnSuites Hospitality Trust has a 52-week low of $0.75 and a 52-week high of $4.08.

A hedge fund recently raised its stake in InnSuites Hospitality Trust stock. Renaissance Technologies LLC increased its position in shares of InnSuites Hospitality Trust (NYSEAMERICAN:IHT) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,600 shares of the company’s stock after acquiring an additional 14,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.38% of InnSuites Hospitality Trust worth $78,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.28% of the company’s stock.

About InnSuites Hospitality Trust

InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business. Trust that owns and manages hotels under the InnSuites Hotels name. InnSuites® Hotels and Suites has owned real estate and hotels and provided hotel services including management, branding, and reservations to hotels under the brand name ÂInnSuites trademarked and owned by IHT over 40 years by being innovators for guest needs and recognizing hotel membership demands.

Featured Story: Diluted Earnings Per Share

Receive News & Ratings for InnSuites Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnSuites Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.