LuxUrban Hotels Inc. (NASDAQ:LUXHP) Sees Significant Increase in Short Interest

LuxUrban Hotels Inc. (NASDAQ:LUXHP) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 3,500 shares, an increase of 483.3% from the April 15th total of 600 shares. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 1.3 days.

LuxUrban Hotels Price Performance

LuxUrban Hotels stock opened at $22.00 on Friday. LuxUrban Hotels has a 52 week low of $18.10 and a 52 week high of $25.25. The firm’s 50 day simple moving average is $21.64.

LuxUrban Hotels Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.2708 per share. This represents a $3.25 annualized dividend and a dividend yield of 14.77%. The ex-dividend date is Tuesday, May 14th.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.